Fraudsters behind €460 million crypto scam arrested in Spain
Spanish authorities arrested five members of a criminal network responsible for laundering €460 million stolen through global cryptocurrency investment fraud schemes.
Source: Europol
The operation, led by the Guardia Civil with support from Europol and law enforcement in Estonia, France, and the United States, uncovered that more than 5,000 victims worldwide were defrauded.
The action day led to: 5 arrests (3 on the Canary Islands and 2 in Madrid), and 5 searches (3 on the Canary Islands and 2 in Madrid).
Global network enabled crypto fraud
The criminal network is suspected of laundering funds through a complex web of corporate and banking entities based in Hong Kong, using payment gateways and accounts registered under…
