European Police Arrest Nine in €600 Million Crypto Fraud Network Crackdown

European Police Arrest Nine in €600 Million Crypto Fraud Network Crackdown

First seen 4 Nov 2025, 16:06 UTC •BleepingcomputerInfosecurity-Magazine •42.6

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An international cryptocurrency fraud network has been dismantled by law enforcement in Europe, resulting in the arrest of nine individuals across Cyprus, Germany, and Spain. The suspects are accused of creating fake investment platforms that defrauded victims of over €600 million through promises of high returns, utilizing tactics such as social media recruitment and cold calling.

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