Foresight News reports, according to Decrypt, European law enforcement agencies have dismantled a secret banking network that laundered over $23 million (approximately €21 million) using cryptocurrency, arresting 17 individuals involved in Spain, Austria, and Belgium. Individuals of Chinese nationality were responsible for cash collection in Spain, while individuals of Arab nationality handled international transfers. Law enforcement also seized approximately $229,600 in cash, $204,960 in cryptocurrency, luxury vehicles, real estate, cigars, and handbags, with a total value exceeding $3.5 million.