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Spanish authorities, with Europol’s support, have dismantled a $540M cryptocurrency fraud network that scammed over 5,000 victims globally. The operation led to five arrests and targeted searches across Spain. The scheme used fake crypto investments to lure victims.
- Five arrests made in Spain as part of a global crackdown on a €460M crypto fraud network.
- Fraudsters used fake crypto investments, front companies, and offshore accounts to launder stolen funds.
- Europol highlights growing criminal use of Bitcoin, Monero, and Tether in large-scale fraud schemes.
📎 Related coverage from: cryptopotato.com