US EditionEuropol Takes Down Crypto and Laundering Network Worth 700 Million
Europol and Maltese police arrested nine suspects and seized millions in assets after uncovering a network that laundered over €700 million through fake crypto investment platforms.
- On Thursday, Europol led an operation that dismantled a criminal network laundering over 700 million, with Malta Police Force playing a key role.
- The investigation began with a single fraudulent cryptocurrency platform, with raids in October and November, and a second phase on November 25 and 26 targeting affiliate marketing infrastructure.
- Operators ran numerous fake cryptocurrency investment platforms that lured thousands of victims with sophisticated advertisements, using deceptive advertisements and deepfake videos plus phone pressure, remote‑access tools and personal documentation to move funds via traditional banks, credit cards and cryptocurrency.
- Authorities seized millions in assets, including EUR 415 000 in cryptocurrencies, EUR 300 000 in cash, nine arrested individuals, and Malta's Blockchain Analysis Unit identified four Maltese victims losing �493,750.
- Europol called the operation's scale vast and involved cooperation from Belgium, Bulgaria, Cyprus, France, Germany, Israel, Malta and Spain, reflecting strong cross‑border enforcement.
15 Articles
15 Articles
After raids in the Netherlands and other countries, a crypto network has been busted, believed to be responsible for a massive €700 million fraud. A software company in the Netherlands allegedly made the laundering of criminal money via crypto technically possible.
Four Maltese among victims in €700m crypto-fraud ring smashed by Europol
The Malta Police Force played a “key role” in a Europol international operation that dismantled a large-scale cryptocurrency fraud and money-laundering network that had laundered more than €700 million.Coordinated across multiple jurisdictions, police actions carried out in October, November and earlier this week marked the culmination of years of investigation. Europol said the action has...
Europol Busts €700M Crypto Fraud Network in Multi-Country Raids
Europol’s Shadow War: Dismantling a €700 Million Crypto Fraud Web In a sweeping crackdown that underscores the growing sophistication of international law enforcement in combating digital crime, Europol has orchestrated the takedown of a vast cryptocurrency fraud and money laundering network responsible for handling over €700 million in illicit funds. The operation, which unfolded in two meticulously coordinated phases across multiple European c…
With the support of Europol, a police operation stopped the activities of a criminal network specializing in investment fraud in cryptocurrency and money laundering. Nine people were arrested.
The European agency Europol has just announced the dismantling of a vast network of fraud, which would have made it possible to launder 700 million euros in cryptocurrency. Its activities targeted individuals by making them look for lucrative investments in the digital asset sector. Article 700 million euros – Europol dismantles a giant network of cryptocurrency fraud first appeared on Cryptoast.
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