International takedown of cryptocurrency fraud network laundering over EUR 700 million

Source: Europol – europol.europa.eu
Publication date: 04 December 2025
Official link: https://www.europol.europa.eu/media-press/newsroom/news/international-takedown-of-cryptocurrency-fraud-network-laundering-over-eur-700-million

Europol announced the dismantling, through an international operation, of a network running a large-scale cryptocurrency fraud and money-laundering scheme worth around EUR 700 million. Arrests and seizures involved individuals accused of organising fraudulent crypto investment schemes.

In practice, the scam worked by offering cryptocurrency investments with fake returns; real funds were laundered through a network of accounts and shell companies, causing severe losses for investors.