Eurojust Leads Multi-Country Takedown of Crypto Laundering Network

[madtrader]

European authorities have dismantled a major crypto money laundering network that scammed victims out of EUR 600 million. Nine suspects were arrested across Cyprus, Spain, and Germany, while searches seized cash, bank assets, and cryptocurrency.

The operation involved France, Belgium, Cyprus, Germany, and Spain, with Eurojust orchestrating joint investigation efforts. The network relied on fake crypto platforms, fake testimonials, and social media campaigns to defraud investors.

Authorities emphasize that such cross-border collaboration is essential to tackle increasingly sophisticated crypto crimes.

[Nahid Hossen]

Huge win — coordinated action like this hits criminals the hardest.

[Rimon Khan]

Cross-border cooperation is finally catching up with crypto crime.