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.