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Europol Dismantles Latvian Cybercrime Network, Seizes $330K in Crypto
Europol Dismantles Latvian Cybercrime Network, Seizes $330K in Crypto
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BTCCSquare news:
Europol's coordinated operation has dismantled a sophisticated cybercrime network based in Latvia, arresting seven individuals and confiscating $330,000 in cryptocurrency. The group, codenamed SIMCARTEL, provided SIM box devices and phone numbers to fraudsters across 80+ countries, enabling scams that caused over $5 million in losses in Austria alone.
Authorities seized 1,200 SIM box devices and 40,000 SIM cards in the international operation involving Eurojust and national investigators. The takedown highlights law enforcement's increasing focus on crypto-linked cybercrime as digital assets become more prevalent in transnational criminal operations.
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