Spain cracks down on €460M crypto fraud network in Europol-backed operation, stolen through crypto investment fraud from over 5 000 victims

Key Points:

• 5 arrests made in Spain (3 on the Canary Islands, 2 in Madrid)
• EUR 460 million in illicit proceeds recovered
• Investigation ongoing
• Europol's financial crime experts provided support and strategic analysis
• Online fraud is a growing threat to EU's internal security, according to Europol's Serious and Organised Criminal Threat Assessment (EU SOCTA)