Close Menu
Cryprovideos
    What's Hot

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025

    Wells Fargo’s Chief Economist Warns US Financial system Is ‘Skating Fairly Near a Recession’ – Right here’s His Outlook – The Each day Hodl

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Investigation Dismantles $100 Million Crypto Cash Laundering Ring in Spain and Cyprus – Decrypt
    Investigation Dismantles 0 Million Crypto Cash Laundering Ring in Spain and Cyprus – Decrypt
    Crypto News

    Investigation Dismantles $100 Million Crypto Cash Laundering Ring in Spain and Cyprus – Decrypt

    By Crypto EditorJanuary 28, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Investigation Dismantles $100 Million Crypto Cash Laundering Ring in Spain and Cyprus – Decrypt

    A gang that ran a “refined cash laundering service” and used crypto to shift income between prison organizations has been busted following a global investigation.

    Eurojust, which helps regulation enforcement companies throughout the EU collaborate, says 23 suspects have been arrested.

    Cryptocurrencies value $28 million have been frozen following the investigation, with about $8 million in money seized following raids throughout the continent.

    It is estimated that the scheme laundered greater than $100 million, and an investigation began in 2023.

    In accordance with Eurojust, border officers in Spain had found that giant sums of cash have been being transported on journeys to Cyprus. This led to a a lot bigger community being uncovered.

    It is believed that no less than 52 folks have been members of the “professionally structured group” throughout each Spain and Cyprus.

    As much as six cash laundering transactions have been going down every week, with bundles of money carried on business flights and public transport, based on investigators.

    “The group labored with contacts exterior of their organisation to liaise with shoppers and obtain the money to be laundered,” Eurojust mentioned. “Their contacts are linked to a number of business firms world wide.”

    Spanish, Cypriot and German authorities labored collectively to deliver down the ring—with specialists from Europol serving to to hint the movement of illicit cryptocurrencies between wallets.

    Dozens of raids then befell, with 20 arrests made in Spain, two in France and one in Slovenia.

    Late final yr, the U.Okay. Nationwide Crime Company uncovered an analogous scheme on a a lot bigger scale via “Operation Destabilize.”

    It resulted in additional than 80 arrests and the seizure of $25.5 million in money and crypto after the Russian cash laundering operations have been disrupted.

    In that case, digital property have been getting used to reinvest in illicit companies—enabling medicine and firearms to be bought by gangs with out bodily money transferring throughout borders.

    The borderless nature of crypto means regulation enforcement companies in a number of jurisdictions at the moment are having to collaborate to thwart prison gangs, with investigations usually taking years to finish.

    Edited by Stacy Elliott.

    Each day Debrief E-newsletter

    Begin every single day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Breaking: Apple Exploring Crypto Integration

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Trump Crypto Pockets Goes Darkish Following Stop and Desist – Decrypt

    June 6, 2025

    Chaos Erupts Over Unapproved Trump-Branded Crypto Pockets: Right here is the Fact – BlockNews

    June 6, 2025
    Latest Posts

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Palantir Is Violating Its Personal Rules By Avoiding A Bitcoin Treasury

    June 6, 2025

    Michael Saylor’s Technique ups Bitcoin wager with $1B inventory providing

    June 6, 2025

    Bitcoin Worth Might Drop Beneath $100,000: Right here’s Why It’s Seemingly Regardless of Rising Accumulation

    June 6, 2025

    Bitcoin May Crash by Double-Digit Proportion Factors in a ‘Fast Transfer’ if This Assist Stage Fails, Warns Crypto Dealer – The Each day Hodl

    June 6, 2025

    Bitcoin Bombshell: Ulbricht Donor Linked To AlphaBay Kingpin

    June 6, 2025

    Bitcoin Sinks, Tesla Shares Plunge Amid Elon Musk-Trump Conflict

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Brian Armstrong Says Coinbase Wants To Rethink Itemizing Course of Amid Onslaught of ~1,000,000 New Cash a Week – The Each day Hodl

    January 27, 2025

    Disappointment Amongst Dogecoin Lovers: Is Elon Musk Being Sidelined within the U.S. Crypto Reserve Technique? | Stay Bitcoin Information

    March 3, 2025

    Economist Henrik Zeberg Says No Indications That Crypto Bull Market High Is In, Predicts ‘Incredible’ Altcoin Season – The Every day Hodl

    February 9, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.