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European authorities dismantle crypto fraud network that laundered over EUR 700m – TON BOT

European authorities dismantle crypto fraud network that laundered over EUR 700m

European law enforcement agencies conducted coordinated raids in Cyprus, Germany, and Spain to dismantle cryptocurrency fraud networks. Authorities seized millions in cash, cryptocurrency, and assets. The operation targeted fraudulent investment websites that stole and laundered over EUR 700 million. Europol assisted in the crackdown, resulting in arrests and disruption of the network’s operations.


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