TechFlow, Dec 5 — According to Europol, an international law enforcement operation has successfully dismantled a major cryptocurrency fraud and money laundering network that laundered over 700 million euros (approximately 815.7 million USD) through fake investment platforms.
The operation was conducted in two phases. On October 27, police carried out the first coordinated raid in Cyprus, Germany, and Spain, arresting nine suspects and seizing 800,000 euros in bank funds, 415,000 euros in cryptocurrency, 300,000 euros in cash, digital devices, and high-value watches. The second phase took place on November 25–26, targeting an affiliate marketing network that used deepfake videos to impersonate well-known media outlets, celebrities, and politicians for promotional purposes.
