US EditionAuthorities Shutter €100M Crypto-Fraud Ring that Ran Across Europe
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A Romanian citizen has been arrested in Bucharest at the request of the Spanish judicial authorities, accused of being part of a criminal network with ramifications in several European states, which has misled more people by promising investments in cryptomonte, the total damage being approximately 103 million euros.
Under cover of cryptocurrency investments, an organized network hijacked millions across Europe. A case that illustrates the longevity of these scams, despite methods now known.
An operation coordinated by Eurojust puts an end to cryptocurrency fraud of more than 100 million euros. Hundreds of victims in Europe, including France, have been trapped by an investment platform promising high returns.
Authorities Shutter €100M Crypto-Fraud Ring In Europe
European authorities have shut down a crypto-fraud ring that had amassed more than €100 million (approximately $107 million) by duping individuals across the continent. Eurojust, the European Union Agency for Criminal Justice Cooperation, coordinated the operation this week. Authorities in Spain, Portugal, Italy, Romania, and Bulgaria carried out simultaneous raids, arresting five suspects—including the alleged ringleader—while freezing assets a…
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