Europol Takes Down Money Laundering “Mafia Crypto Bank” — TradingView News
Europol, a law enforcement agency operating across Europe, released details of a January takedown of a “mafia crypto bank” responsible for laundering over $23.5 million in crypto for clients in China and the Middle East. Europol arrested 17 suspects in January, but has only now released information about the ongoing investigation. The takedown of the crypto mafia was a complex investigation because the case overlapped with other cases, such as migrant smuggling and drug trafficking. The crypto mafia had a banking system called hawala, which relied primarily on crypto transfers.
The press release, by Europol, announced that 17 individuals were arrested and that the suspects were part of a coordinated criminal network. The operation…
