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The EU law enforcement agencies have completed a multi-year operation and dismantled an extensive network of crypto criminals.
The fraudulent group laundered over €700 million.
Thousands of investors were affected through fake platforms and marketing.
Over €1.5 million in cryptocurrency, cash, and bank assets were seized.
The operation to dismantle the fraudulent network took place in two stages. On October 27, 2025, the first phase took place — simultaneous raids were conducted in Cyprus, Germany, and Spain at the request of French and Belgian authorities. Nine suspects were detained. Among the seized items:
€800,000 in bank accounts;
€415,000 in cryptocurrencies;
€300,000 in cash;
expensive watches, electronics, and documents.