Crypto Crooks Crumble: Nine Nabbed in €600M Laundering Ring Bust Across Europe
Nine people got an unexpected vacation from their crypto laundering day jobs after a Eurojust-led operation busted their €600M fraud ring. Authorities seized cash, crypto, and the group’s dreams of becoming blockchain billionaires. Remember, folks: crime doesn’t pay, but it sure does complicate your tax returns!
Hot Take:
Looks like these crypto crooks thought they could block-chain the authorities, but Eurojust just gave them a hard fork to reality! The only mining they’ll be doing now is for a clean criminal record!
Key Points:
- Eurojust-led operation results in nine arrests in Cyprus, Spain, and Germany.
- The criminal network laundered over €600 million through fake crypto investment sites.
- Seized assets include €800K in bank funds, €415K in cryptocurrencies, and €300K in cash.
- The group used social media ads, cold calls, fake news, and celebrity endorsements to lure victims.
- Authorities dismantled the network with the help of investigators from France, Belgium, and Cyprus.
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