The final actions in a sweeping international operation have successfully dismantled a large-scale cryptocurrency fraud and money laundering network that had laundered over EUR 700 million. Coordinated across multiple jurisdictions, these actions, carried out last month and earlier this week, mark the culmination of years of investigation and the effective disruption of a criminal operation that spanned Europe and beyond.
What began as an investigation into a single fraudulent cryptocurrency platform gradually unfolded into a complex, far-reaching operation, revealing a vast network of deceit and money laundering.
Read more…
Source: Europol
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- #StopRansomware: Akira Ransomware
November 13, 2025
The United States’ Federal Bureau of Investigation (FBI) and partner organisations are releasing this joint advisory to disseminate known Akira ransomware IOCs and TTPs identified through FBI investigations and trusted third-party reporting as recently as November 2025. Akira ransomware threat actors are associated with other groups known as Storm-1567, Howling Scorpius, Punk Spider, and Gold Sahara, ...
- Criminals Impersonate US Health Insurance Providers Target Chinese Speakers Residing in the United States
November 13, 2025
The Federal Bureau of Investigation (FBI) warns the public about an evolving financial fraud scheme targeting Chinese speaking individuals residing in the United States in which criminals impersonate US health insurance providers and Chinese law enforcement. Targeted individuals receive a call from a spoofed telephone number of a legitimate US health insurance provider’s claims department. The ...
- UN Cybercrime Treaty wins dozens of signatories, to go with its many critics
October 27, 2025
The United Nations on Saturday staged a signing ceremony for the Convention against Cybercrime, the world’s first agreement to combat online crime. And while 72 nations picked up the pen, critics continue to point out the convention’s flaws. Read more… Source: The Register News Sign up for the Cyber Security Review Newsletter The latest cyber security news and insights ...
- Trump pardons Binance founder Changpeng Zhao
October 23, 2025
President Donald Trump has pardoned Binance founder Changpeng Zhao, who pleaded guilty to a money laundering charge in 2023, the White House said Thursday. White House press secretary Karoline Leavitt said in a statement that Trump “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their ...
- Europol: 7 arrested in Cybercrime-as-a-Service takedown
October 17, 2025
An action day performed in Latvia on 10 October 2025 led to the arrest of five cybercriminals of Latvian nationality and the seizure of infrastructure used to enable crimes against thousands of victims across Europe. During the operation codenamed ‘SIMCARTEL’, law enforcement arrested two further suspects, took down five servers and seized 1 200 SIM box ...
- UK: Two teenagers arrested over cyber-attack on nursery chain
October 7, 2025
Two 17-year-old boys have been arrested by police investigating a cyber-attack on a chain of nurseries in London. The Metropolitan Police say the pair were arrested at residential addresses in Bishop’s Stortford, Hertfordshire, on suspicion of computer misuse and blackmail. Hackers were said to have stolen the photographs, names and addresses of about 8,000 children from ...