FBI Launches Operation Riptide to Disrupt $20 Billion Cybercrime Networks

The FBI launched Operation Riptide, a 60-day coordinated offensive targeting the infrastructure, communications and financial networks behind global cybercrime. The campaign, according to BeInCrypto, involves all 56 FBI field offices and global law enforcement attachés and targets hosting networks, encrypted messaging platforms and cryptocurrency laundering channels. The FBI said agents have served search warrants, secured indictments, made arrests worldwide and seized millions in cryptocurrency. The operation was launched ahead of the 2026 FIFA World Cup as analysts flag elevated fraud risks; Americans filed more than 1 million complaints last year reporting over $20 billion in online-fraud losses, up 26%.