Cryptocurrency fraud ring busted in Spain after laundering $540 million, Europol says
A cryptocurrency investment fraud ring that investigators said laundered 460 million euros ($540 million) using a worldwide network of accomplices has been dismantled in Spain, European police body Europol said on Monday.
Europol said Spanish police led the operation against the criminal network, and that law enforcement agencies from France, Estonia and the United States were also involved.
Five people were arrested as a result of the operation, with three arrested on the Canary Islands and two in Madrid.
