TechFlow, December 18 — According to CriptoNoticias, Argentine authorities have successfully cracked a major cryptocurrency-related fraud and money laundering case involving over 1.8 trillion Argentine pesos (approximately 1.2 billion USD), primarily targeting agricultural businesses.
The criminal network created forged documents to open bank accounts, obtained loans, and immediately transferred the funds to cryptocurrency exchanges, where they were converted into digital assets and moved into digital wallets. To conceal their activities, the group used third parties to simulate cryptocurrency arbitrage trading. Investigations revealed that none of the individuals involved were registered in the Virtual Asset Service Providers registry maintained by Argentina's National Securities Commission.
The operation was jointly carried out by Argentina's Ministry of National Security and the Federal Police, involving eight raids, resulting in the arrest of three men and notification of two others. Cash, mobile phones, storage devices, laptops, and related documents were seized. The case originated from a judicial investigation launched in October 2025.
