A fraud network of 815 million dollars has been dismantled in Europe.

International Operation Takes Down Fraud Network

A coordinated international operation has dismantled a cryptocurrency fraud network that stole and laundered over 815 million dollars. This fraud was conducted through fake investment platforms utilizing aggressive call center tactics, deepfake-based advertising campaigns, and complex laundering flows across multiple blockchains.

Police raids across Europe resulted in the collapse of the fraud platforms and their associated marketing infrastructure. The operation led to numerous arrests and asset seizures.