Spain Busts €460M Crypto Fraud Ring in Major Europol Sting – Here’s What Went Down

Crypto crime doesn’t pay—just ask Spain’s latest perp walk participants.

Spanish authorities just dropped the hammer on a sprawling €460 million fraud network, with Europol backing the takedown. The operation—equal parts financial thriller and regulatory flex—shows Europe isn’t playing nice with crypto scams anymore.

The Raid: Fast, Brutal, and Very Public

Dawn raids hit multiple locations as investigators seized servers, wallets, and enough paperwork to drown a Ponzi scheme. No half-measures here—this was a full-spectrum dismantling.

Why This One Hurt Them

For fraudsters, €460 million is a career-high. For regulators? Tuesday. The bust proves even ‘sophisticated’ crypto scams leave trails—especially when spending profits on flashy assets that scream ‘audit me.’

The Bottom Line

Another day, another crypto cleanup. Meanwhile, traditional bankers continue embezzling the old-fashioned way—with spreadsheets and offshore accounts.