EUR 600 Million Crypto Laundering Network Dismantled Across Europe

[madtrader]

Nine suspects were arrested in France, Belgium, Cyprus, Germany, and Spain in a coordinated operation targeting a massive cryptocurrency money laundering network.

The network scammed victims through dozens of fake crypto investment platforms, promising high returns. Authorities estimate over EUR 600 million was laundered using blockchain technology.

Eurojust coordinated the investigation, ensuring cross-border cooperation and simultaneous arrests. During searches, authorities seized EUR 800,000 in bank accounts, EUR 415,000 in crypto, and EUR 300,000 in cash.

[Nahid Hossen]

€600M is insane — that’s a massive hit to organized crime.

[Rimon Khan]

Europe is seriously stepping up its anti-laundering game.