TechFlow, June 30 — According to Bitcoin.com News, Europol announced that Spain's National Police, in cooperation with law enforcement agencies from Estonia, France, and the United States, successfully dismantled a cryptocurrency investment fraud gang that deceived over 5,000 victims worldwide.
Five suspects were arrested during the operation—three in the Canary Islands and two in Madrid. The criminal network is believed to have laundered approximately $539 million through fraudulent investment schemes. Investigations revealed that the perpetrators established a global network of accomplices to facilitate cash withdrawals, bank transfers, and cryptocurrency transactions, while also setting up companies and banking infrastructure in Hong Kong to manage illicit funds.
