<ul data-eligibleForWebStory="false"><li>Spanish authorities, with international support, dismantled a global cryptocurrency fraud network in Spain, targeting over 5,000 victims through fake crypto investment deals and laundering over €460 million.</li><li>Criminals used fake identities, shell companies, and accomplices to carry out the fraudulent activities, making it challenging for authorities to trace the funds and deceive victims into transferring money unknowingly.</li><li>The arrests were part of a coordinated operation involving Europol, leading to the apprehension of five individuals suspected of laundering more than $540 million in June 2025.</li><li>The rise of cryptocurrency scams poses a significant threat to investors worldwide, necessitating increased vigilance and awareness to protect against fraudulent schemes in the evolving crypto landscape.</li></ul>

Massive Global Crypto Fraud Network Dismantled in Spain, Over 5,000 Victims Targeted

Discover more