Europol helps dismantle 23 million USD ‘mafia crypto bank’

In January 2025, Europol and Spanish law enforcement arrested 17 suspects connected to a mafia crypto bank that laundered over 21 million euros (23.5 million USD). The criminal organization exploited an informal money transfer system, hawala, often compensating in cryptocurrency.

Authorities seized notable assets, including 4.5 million euros (5 million USD), luxury goods worth approximately 876,000 euros (980,000 USD), and 18 vehicles. The cash and crypto were linked to various bank accounts.

The criminal network primarily targeted clients from China and the Arabic-speaking criminal world, with most suspects of Chinese and Syrian nationality. The coordinated investigation involved over 250 officers.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts