Eurojust Coordinates Global Crackdown on €600 Million Crypto Investment Fraud Network
This week, Eurojust announced the results of a major international operation dismantling a transnational criminal network behind one of the largest cryptocurrency investment fraud schemes uncovered to date. The coordinated action, conducted across France, Belgium, Cyprus, Germany, and Spain, led to nine arrests, 60 searches, and the seizure of over EUR 1.5 million in cash and crypto assets. Authorities estimate that the fraud network stole and laundered more than EUR 600 million from victims around the world.
Between 2020 and 2023, the suspects allegedly created and managed dozens of fraudulent crypto investment platforms that closely mimicked legitimate exchanges and trading services. Using sophisticated marketing campaigns, fake…
