Spain Busts Global Crypto Fraud Ring That Scammed 5,000 Investors
In a major blow to global crypto Fraud, Spanish authorities, working with Europol and international law enforcement, have dismantled a large-scale crypto fraud ring. According to recent reports, the criminal network scammed over 5,000 investors around the world, laundering an estimated €460 million (roughly $540 million) in the process.The coordinated crackdown, which involved several arrests and asset seizures, highlights the increasing complexity of crypto fraud and the stronger global efforts to prevent it.
The fraud ring was based in Spain, with major operations in the Canary Islands and Madrid. Europol joined the investigation back in 2023, uncovering a complex web of companies and bank accounts linked to Hong Kong, which the…
