Spain cracks down on €460M crypto fraud network in Europol-backed operation, stolen through crypto investment fraud from over 5 000 victims

Key Points:

5 arrests made in Spain (3 on the Canary Islands, 2 in Madrid) EUR 460 million in illicit proceeds recovered Investigation ongoing Europol’s financial crime experts provided support and strategic analysis Online fraud is a growing threat to EU’s internal security, according to Europol’s Serious and Organised Criminal Threat Assessment (EU SOCTA)