Tag: Europol

In a major crackdown on crypto-enabled crime, European authorities have dismantled a sophisticated money laundering ring dubbed a “mafia crypto bank” that allegedly funnelled over €21 million ($23.5 million) in illicit funds for criminal groups in China and the Middle East. The operation, led by Spanish law enforcement and coordinated ...

The European Union Agency for Law Enforcement Cooperation (Europol)’s latest report, has flagged significant concerns within the cryptocurrency ecosystem, particularly regarding non-fungible tokens (NFTs) and Bitcoin exchange-traded funds (ETFs).  According to the “Internet Organised Crime Threat Assessment (IOCTA) 2024” report, while large-scale fraud involving NFTs has not yet materialised, the ...