Nine individuals were arrested across multiple European countries in an operation targeting a cryptocurrency money laundering scheme that defrauded victims of approximately €600 million. The coordinated effort involved raids, seizures, and investigations into fake investment platforms used for illicit crypto transactions. #CryptoMoneyLaundering #Eurojust
Keypoints
- The criminal network created fake cryptocurrency investment sites to deceive victims.
- Victims were recruited via social media, cold calls, fake news, and celebrity testimonials.
- The illicit crypto assets amounted to about €600 million in revenue for the criminals.
- Law enforcement agencies from multiple countries carried out raids and seized assets.
- European authorities highlighted the increasing sophistication of crypto-related crimes and the need for international cooperation.
Read More: https://thehackernews.com/2025/11/europol-and-eurojust-dismantle-600.html