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Europol helps dismantle $ 23 million Mafia Cripto Bank ‘

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Europol helps dismantle $ 23 million Mafia Cripto Bank '

The European law enforcement in January arrested 17 suspects for “Crupto Bank” Mafia for which it was said to wash over 21 million euros (EUR 23.5 million) in Cripto for criminal entities in China and Middle East.

Money was reportedly implemented on behalf of other criminal networks dealing with migrant smuggling and drug trade, Europol said in Statement 14. May.

Spanish authorities said The criminal organization has led the secret informal money transfer system called Havala and was often compensated in the CRIPTO.

17 individuals – 15 in Spain, one in Austria and one in Belgium were arrested – while 4.5m euros (5m euros (5 million euros (5 million euros (€ 5 million (5 million euros, including cash, and several electronic devices and several electronic devices.

From 4.5 million euros, 183,000 euros ($ 205,000) came into a cript. EUR 421,000 ($ 471,000) in cash was seized with 77 bank accounts related to criminal organizationWhich Spanish output news described Like “Mafia Crypto Bank”.

Luxury bags, watches, and even cigars worth 876,000 euros ($ 980,000) were also seized, and Spanish officials have been seized.

Europol helps dismantle $ 23 million Mafia Cripto Bank '
The scenes of European efforts and funds for law enforcement are confiscated from the criminal organization. Source: Europol

Arrests and attacks of property were held in January 2025. year, said Evolopol, Austria and Belgium. More than 250 officers were included, Spanish authorities Added.

Most arrested already detained

Of the 17 arrested, 15 was already closed as the alleged perpetrators of the crimes associated with the organization.

Most arrested was Chinese and Syrian nationality, aiming clients in China and the criminal world of Arabic.

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Criminal organization tried to cover up their money laundering Activities to work a remittanceand even advertised these services on social media.

The investigation was led by the Court in Almeria, Spain, who supported Europol’s efforts to coordinate Spanish and Belgian officials to dismantle a criminal organization.

Chanty Chanicalis Chackcain Charactics assesses it ILLECTIT CRIPTO TRANSACTIONS It was $ 51.3 billion in 2024. years, marking 11.3% growth compared to one year.

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