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Europol dismantles €460M crypto scam targeting 5,000 victims worldwide

  • Europol dismantled a cryptocurrency fraud ring that scammed over 5,000 victims worldwide, laundering €460 million.
  • The operation, named Operation Borrelli, was led by Spain's Guardia Civil and involved collaboration with law enforcement in Estonia, France, and the U.S.
  • The scammers targeted victims through crypto romance scams on chats or dating apps, stealing money through fake platforms and using complex transfers to hide it.
  • Five members of the criminal network were arrested, and authorities performed searches between the Canary Islands and Madrid to curb the cryptocurrency investment fraud.

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