In brief
- An EU police operation coordinated by Europol has arrested nine people for alleged involvement in a crypto money laundering scheme that stole $689 million.
- Authorities in Cyprus, Spain, Germany, France and Belgium have so far frozen $919,000 in bank accounts, $476,760 in crypto and $344,652 in cash.
- Europol has recently warned that the criminal use of crypto is becoming more sophisticated, while blockchain intelligence firms also report that losses from crypto investment scams has been growing.
Police in Cyprus, Spain and Germany have arrested nine individuals in connection with a crypto money laundering network that defrauded victims of $689 million (€600 million).
Coordinated by Eurojust, the EU agency for criminal justice…
Jan 12 2026
