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:
- French prosecutors probe Apple’s Siri following complaint
October 6, 2025
French prosecutors said on Monday they are investigating tech giant Apple’s, opens new tab voice assistant Siri after receiving a complaint from a tech researcher accusing the company of illicit data collection. The probe, which was first reported by the news website Politico, has been entrusted to a police force specialised in cybercrime, the prosecutors’ office ...
- UK government tries again to access encrypted Apple customer data
October 1, 2025
The U.K. government is still trying to gain access to encrypted iCloud data, according to the Financial Times, after British officials allegedly filed a new secret order demanding Apple build a backdoor. On Wednesday, the British newspaper reported that the U.K. Home Office sent an order to Apple earlier in September requesting that the tech giant ...
- UK Government Wants to Keep $7 Billion in Stolen Bitcoin It Has Seized
October 1, 2025
The U.K. Government is seeking to keep most of the $7 billion in Bitcoin it seized in connection with a Chinese investment fraud, following the conviction of the fraud’s alleged organizer this week. Zhimin Qian pleaded guilty on counts of possessing and transferring criminal property at Southwark Crown Court on Monday, following last year’s conviction of ...
- UK: Man arrested in connection with cyber-attack on airports
September 24, 2025
A person has been arrested in connection with a cyber-attack which has caused days of disruption at several European airports including Heathrow. The National Crime Agency (NCA) said a man in his forties was arrested in West Sussex “as part of an investigation into a cyber incident impacting Collins Aerospace”. There have been hundreds of flight ...
- UK: Two teenagers charged over Transport for London cyber attack
September 18, 2025
Two teenagers have been charged in connection with a massive cyber attack which caused Transport for London (TfL) months of disruption. The National Crime Agency (NCA) says it believes the hack – which began on 31 August last year – was carried out by members of the cyber-criminal group, Scattered Spider. Thalha Jubair, 19, from east ...
- U.S. State Department offers up to $11 Million reward for Information about ransomware administrator charged with cybercrimes for deploying “Lockergoga,” “Nefilim,” and “Megacortex”
September 9, 2025
BROOKLYN, NY – Earlier today, a superseding indictment was unsealed charging Volodymyr Tymoshchuk, also known as “deadforz,” “Boba,” “msfv,” and “farnetwork,” a Ukrainian national, for his role in international ransomware schemes. Tymoshchuk is not in U.S. custody. Joseph Nocella, Jr., United States Attorney for the Eastern District of New York; Matthew R. Galeotti, Acting Assistant Attorney ...