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BTCC / BTCC Square / Global Cryptocurrency /
Spain Dismantles €460 Million Crypto Fraud Ring, Arrests Five

Spain Dismantles €460 Million Crypto Fraud Ring, Arrests Five

Author:
Global Cryptocurrency
Published:
2025-06-30 12:09:02
18
3
BTCCSquare news:

Spanish authorities have cracked down on a sophisticated crypto investment fraud scheme, arresting five individuals linked to laundering €460 million. The operation, supported by Europol and international law enforcement agencies, targeted a criminal network with victims spanning over 5,000 globally.

The arrests—three in the Canary Islands and two in Madrid—unravel part of a broader syndicate. Investigators uncovered a Hong Kong-based business and banking structure used to funnel illicit proceeds through payment gateways and multi-named exchange accounts. "Online fraud is an epidemic affecting EU citizens, businesses and public institutions alike," Europol stated, highlighting the transnational scale of crypto-enabled financial crime.

|Square

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