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BTCC / BTCC Square / Global Cryptocurrency /
Spanish Police Dismantle $540 Million Crypto Fraud Ring

Spanish Police Dismantle $540 Million Crypto Fraud Ring

Author:
Global Cryptocurrency
Published:
2025-06-30 10:28:02
13
3
BTCCSquare news:

Spanish authorities have arrested five individuals linked to a cryptocurrency investment fraud scheme that laundered nearly $540 million from over 5,000 victims. The operation, supported by Europol and law enforcement agencies from Estonia, France, and the U.S., targeted a network using global associates to funnel illicit proceeds through cash withdrawals, bank transfers, and crypto wallets.

Raids in the Canary Islands and Madrid led to the detentions, with Europol deploying a crypto specialist to assist. The ringleaders allegedly established a corporate and banking network in Hong Kong, leveraging accounts under third-party names to obscure fund flows.

|Square

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