Europol dismantles crypto and laundering network worth 700 million

• Europol dismantled $700 million cryptocurrency laundering network
• Raids in Cyprus, Germany and Spain resulted in the seizure of $1.7 million in assets and the arrest of nine.
• The fraudsters used fraudulent platforms, pressure tactics and fake celebrity advertisements to lure thousands of victims.

Europol and several national law enforcement agencies recently dismantled a cryptocurrency and money laundering network worth over 700 million. The network spanned multiple countries and covered fake exchanges, fake customer support centers, and fake affiliate marketing infrastructure.

The takedown resulted in the seizure of more than $1 million in assets and the arrest of nine suspects.