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Spain “Dismantled” €460 Million Crypto Fraud Ring, Arrested 5

  • Spanish law enforcement has dismantled a crypto investment fraud ring, arresting five individuals linked to laundering €460 million from over 5,000 victims worldwide.
  • Arrests were made with the help of Europol and law enforcement agencies in Estonia, France, and the United States as part of an ongoing investigation.
  • The suspects operated a global network using cash withdrawals, bank transfers, and crypto transactions, establishing a business and banking structure in Hong Kong to move stolen funds.
  • Authorities across Europe are intensifying efforts to combat such scams, with France and Belgium reporting significant financial losses due to fake investment websites and fraudulent trading platforms.

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