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European Authorities Dismantle €600 Million Crypto Fraud Network

European Authorities Dismantle €600 Million Crypto Fraud Network

First seen 2 Dec 2025, 18:33 UTC • •

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ThreatCluster AI
ThreatCluster •March 12, 2026 at 13:27 UTC

A coordinated international operation led by Eurojust has dismantled a large cryptocurrency money laundering network that defrauded victims of over €600 million. Nine individuals were arrested, and the operation involved collaboration among investigators and prosecutors from France, Belgium, Cyprus, Spain, and Germany. The actions took place on October 27 and 29.

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