Spanish police arrested five members of an alleged cryptographic fraud operation that would have laundered 460 million euros ($ 540 million) stolen from more than 5,000 victims.
The bust, produced by Guarda Civil, the armed wing of the law enforcement agencies of the country, saw three arrests of excavations in the Canary Islands and two in Madrid on June 25.
The investigation was supported Europol, as well as police forces in Estonia, France and the United States
The criminal network has collected funds through cash withdrawals, banking transfers and crypto payments, Europol announced in a statement on Monday.
Investigators suspect the organization of having created a network of companies and bank in Hong Kong to receive, store and transfer criminal funds via accounts of different names and in various exchanges.
The survey is still underway, added Europol.
