A continent-wide crackdown has taken down a fake crypto investment network worth around $700 million, authorities confirmed this week. The joint operation, coordinated by Europol and Interpol, led to dozens of arrests and asset seizures across multiple European countries.
Investigations revealed that fraudulent platforms lured thousands of investors with promises of unrealistically high returns. Officials warn that crypto-related scams are becoming increasingly sophisticated and urge users to stick to licensed and verified exchanges.
Analysts suggest this may signal tougher crypto regulations on the horizon across the European Union.
