Europol Dismantles Major Crypto Money Laundering Network, Arrests 17 Suspects

A significant crypto-enabled money laundering operation has been dismantled by law enforcement authorities in Europe, resulting in the arrest of 17 suspects and seizure of criminal assets worth €4.5 million. The operation, supported by Europol, targeted a network operating a criminal banking service that facilitated illegal fund movement. The investigation uncovered approximately €183,000 in cryptocurrencies, €206,000 in cash, and property valued at over €2.5 million were seized. This disrupted a hawala-style transfer system used by drug traffickers and migrant smugglers.