How a $123M crypto scam in Australia laundered millions through a ‘legit’ business
How Australian authorities uncovered a $123-million crypto fraud
Australian authorities exposed a crypto crime organization that allegedly laundered $123 million. Four suspects are charged in connection with the scheme.
The discovery is the outcome of an 18-month crypto investigation by Australian authorities. Members of the Australian Federal Police, Queensland Police Service and Australian Criminal Intelligence Commission, along with many other agencies, joined forces to investigate suspicious transactions back in December 2023.
The collaborative entity, Queensland Joint Organized Crime Taskforce (QJOCTF), trailed the money flows of a ring member and found out it was part of a…
