Spain cracks down on €460M crypto fraud network in Europol-backed operation
Spanish authorities, with Europol and international partners, arrested five suspects in a major operation targeting a €460 million crypto fraud network.
On 25 June, the Spanish Guardia Civil, backed by Europol and law enforcement partners from Estonia, France, and the United States, executed coordinated raids that led to the arrests of five individuals behind one of Europe’s largest crypto fraud operations to date. Three arrests were carried out on the Canary Islands and two in Madrid.
The group allegedly operated through a network of sales representatives worldwide who persuaded people to invest in fraudulent crypto schemes. They collected funds from victims through cash withdrawals, bank transfers, and…
