European authorities dismantle €100m crypto fraud network
The Hague, — European authorities have taken down a large-scale cryptocurrency fraud operation that defrauded more than 100 victims of at least €100 million, the EU’s judicial agency Eurojust said Tuesday. Coordinated raids in Spain, Portugal, Italy, Romania and Bulgaria led to the arrest of five suspects, including the alleged ringleader of the network. Officials…
The Hague, — European authorities have taken down a large-scale cryptocurrency fraud operation that defrauded more than 100 victims of at least €100 million, the EU’s judicial agency Eurojust said Tuesday.
Coordinated raids in Spain, Portugal, Italy, Romania and Bulgaria led to the arrest of five suspects, including the alleged ringleader of the network. Officials said the group lured investors into bogus crypto schemes, siphoning funds through complex cross-border transactions.
Eurojust added that the operation marks a significant step in tackling organized financial crime in the region, as authorities continue to investigate further links and potential accomplices.
