Money Laundering

Europol has led a major international operation to take down a sprawling cryptocurrency fraud network responsible for laundering over €700 million. The criminal organization used fake investment platforms and sophisticated marketing, including deepfakes, to lure victims before laundering the proceeds across numerous exchanges.

European authorities, led by Europol, have shut down the Cryptomixer platform, seizing servers and €25 million in bitcoin. The service was used to launder over €1.3 billion in illicit funds since 2016.

Two South Korean police officers, including a chief, have been arrested for accepting bribes from an illegal crypto exchange involved in a €175 million money laundering scheme, highlighting growing concerns about corruption in the digital asset sector.

Firas Isa and his company Crypto Dispensers have been charged with laundering at least €9 million through cryptocurrency ATMs, highlighting regulatory concerns over crypto infrastructure vulnerabilities.

The founders of the Samourai Wallet crypto app have been sentenced to prison in the U.S. for operating an unlicensed money-transmitting business that laundered millions in criminal proceeds.

A major UK criminal network laundered billions from drugs and human trafficking into cryptocurrency, with funds flowing to sanctioned Russian interests. The NCA’s investigation, aided by blockchain transparency, led to numerous arrests and the seizure of millions in assets.