International takedown targets crypto-fraud network laundering over €700m #
Authorities across 10 countries have dismantled a large-scale cryptocurrency fraud and money-laundering network accused of moving more than €700 million in illicit funds. Europol coordinated the investigation, which focused on a syndicate running call centres that lured victims into fake investment schemes before routing the proceeds through a complex web of crypto wallets and overseas companies
The operation led to 36 searches, 24 arrests, and the seizure of high-value assets including luxury vehicles, cash, and digital wallets. Investigators say the network used sophisticated techniques to obfuscate transaction trails, converting fraud proceeds into cryptocurrency and then rapidly moving funds across jurisdictions. Thousands of victims across Europe are believed to have been affected.