Eurojust Coordinates Crackdown Of Crypto Investment Fraud Network : Analysis
This past week, Eurojust announced the results of an international operation that has been credited with dismantling a transnational criminal network, which is said to have been behind one of the largest crypto investment fraud schemes uncovered to date. TRM Labs noted in an extensive blog post that the coordinated action, carried out 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.”
TRM Labs also mentioned that authorities are now estimating that the fraud network stole and laundered over EUR 600 million from unsuspecting victims across the globe.
Between the dates of 2020 and 2023, the suspects had allegedly created and…
