€600 Million Crypto Scam Dismantled: Nine Arrested in Europol-Led Operation

A large-scale cryptocurrency scam, targeting victims across Europe with a €600 million estimated loss, has been dismantled in an international operation led by Europol. The operation, coordinated through Eurojust and agencies from five EU countries (France, Belgium, Cyprus, Spain, Germany), involved simultaneous raids that resulted in the arrest of nine suspects. Authorities seized assets worth over €1.5 million, including cryptocurrencies, cash, and bank funds, following a comprehensive investigation initiated in 2023.