European police dismantles €50 million crypto investment fraud ring
Austrian and Albanian authorities dismantled a criminal ring accused of running a large-scale cryptocurrency investment fraud operation that caused estimated losses of over €50 million ($58.5 million) to victims worldwide. [...]
Austrian and Albanian authorities dismantled a criminal ring accused of running a large-scale cryptocurrency investment fraud operation that caused estimated losses of over €50 million ($58.5 million) to victims worldwide.
The joint action, which started in June 2023 and was supported by Europol and Eurojust, led to the arrest of 10 suspects and searches of three call centers and nine private residences on April 17. During the action, law enforcement officers seized €891,735 in cash, 443 computers, 238 mobile phones, 6 laptops, and various data storage devices for forensic examination.
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