6/30/2025–|Last update: 21:03 (Mecca time)
European Police (Europol) – today, Monday, announced the dismantling of a fraud network of cryptocurrencies in Spain after washing 460 million euros (540 million dollars) using a global network of complicity.
Europol said that the Spanish police had led the operation against the criminal network, and that law enforcement agencies from France, Estonia and the United States participated in it.
5 people were arrested as a result of this operation, including 3 in the Canary Islands and two in Madrid.
Europol, based in The Hague, stated that the network is suspected of using partners around the world to raise money through cash withdrawal, bank transfers and encrypted transfers.
Investigators suspect that the organization has established a network of companies and a banking network based in Hong Kong and used payment portals and accounts used in the names of different people and in various storage storage, storing and transferring money. Europol explained that the investigation is continuing.
