🚨 Spain Uncovers €460 Million Crypto Fraud Network! 🔍💸

Spanish authorities have successfully dismantled a large cryptocurrency investment fraud network that laundered over €460 million (~$540 million)! This operation received support from Europol, as well as law enforcement agencies from France, Estonia, and the U.S.

👥 5 suspects were arrested

📍 Arrests were made in the Canary Islands & Madrid

🌍 This network is suspected to involve a global scheme, including:

• Cash withdrawals & bank transfers

• Use of fictitious crypto accounts

• Network of shell companies in Hong Kong

• Illegal payment gateways

🔗 Funds from the crime were laundered through crypto exchanges using fake identities and complex structures.

Europol emphasizes: the investigation is ongoing and this case is proof that the crypto ecosystem must remain vigilant against illegal activities.

💬 Transparency and regulation are key to maintaining trust in the crypto world.

#CryptoNews #BinanceAlert #AntiMoneyLaundering #CryptoScam #BlockchainSecurity