European law-enforcement agencies, coordinated by Eurojust, dismantled a criminal network that allegedly defrauded victims of approximately USD 689 million via fraudulent cryptocurrency-investment platforms.
Nine suspects were arrested in a synchronized operation across France, Belgium, Cyprus, Spain and Germany During searches, authorities seized bank funds, crypto assets, cash and luxury items linked to the criminal ring.
The scam involved the creation of multiple fake investment platforms, which lured in victims with promises of high returns. Once funds were transferred, victims were unable to retrieve them, while the ring used blockchain tools to launder stolen assets.
