The dismantling of a cryptocurrency investment fraud ring that laundered €460 million ($540 million) from over 5,000 victims worldwide was reported by Europol on Monday.
According to the organization, the Spanish Guardia Civil conducted the operation with assistance from Estonian, French, and American law enforcement. According to Europol, the syndicate’s probe began in 2023.
On June 25, 2025, the five suspected criminals involved in the bitcoin scam were also taken into custody. Two people were arrested from Madrid, and three others were arrested in the Canary Islands.
According to Europol, the criminal network’s leaders allegedly raised money through cash withdrawals, bank transfers, and cryptocurrency transfers using a global network of collaborators read more about Europol Dismantles $540 Million Cryptocurrency Fraud Network Arrests Five Suspects.
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