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The European authorities dismantled a large network for money laundering called “Mafia Crypto Bank”, arresting 17 individuals accused of washing over EUR 21 million ($ 23.5 million) in cryptocurrency for criminal groups associated with China and Middle East.
According to Europol Declaration 14. MayThe offense made it easier to wash money for organizations involved in migrants and drug trafficking.
The group operated the shadow banking system using the Hawala informal method and often handled transactions in the cryptocurrency to cover the origin of the funds.
Spain leads January 2025 arrests in cross -border bust of crypto crime
Spanish enforcement of law, conducting an investigation, revealed that arrest It occurred in January 2025 across Spain, Austria and Belgium.
Fifteen suspects were detained in Spain, one arrested each in Austria and Belgium.
Most of the arrested individuals were of Chinese and Syrian origin and focused on criminal clients in Chinese and Arabic -speaking regions.
The authorities confiscated assets of a total of EUR 4.5 million ($ 5 million), including EUR 183,000 ($ 205,000) in Krypto, 421,000 euros ($ 471,000) in cash from $ 77 bank accounts and luxury goods worth EUR 876,000 ($ 980,000).
The seized items also included 18 vehicles, four shotguns, handbags of the designer, watches, cigars and various electronic devices.
Fifteen of the 17 suspects have already been detained as alleged key data in the organization.
The authorities arrested 17 criminal bankers, confiscated EUR 4.5 million
Read more: https://t.co/zug7n5Gyx4
Europol on May 14 announced that the law enforcement authorities had dismantled a sophisticated criminal parallel banking network operating in various European countries.
– Cyber Security News (@the_Cyber_news) May 15, 2025
The group allegedly masked their operations under the Remitnce Rouge, even promoting its unlawful services on social media platforms.
The investigation was conducted by the court in Spain Almería with the coordination of Belgian officials and the support of Europol. Over 250 officers were involved in the operation.
The procedure underlines the growing concerns of the role of crypto in multinational crime.
Blockchain Analytics company Chainlysis said that illegal crypto transactions reached $ 51.3 billion in 2024, which is 11.3% increase compared to the previous year.
Krypto Hackes together in 2025 because losses in four months TOP $ 1.74 billion
Hackers stole over $ 92.4 million from crypto projects only in April 2025, according to Safety company Blockchain Imunefi.
This number represents a year -on -year increase of 27.3% and more than double the losses reported in March.
April’s attacks occurred during 15 incidents, with the two main exploitation representing most of the damage.
UPCX, Open-Source Platform, lost $ 70 million in a single attack, while the decentralized exchange kiln was hit for $ 7.5 million.
Other disabled projects included Loopscale, ZHRSYNC, term laboratories and bitcoin missions, each experienced by losses exceeding $ 1 million.
The first four months of 2025 were cumulative for the first four months of 2025, a crypto loss of $ 1.74 billion – more than all 2024, which was $ 1.49 billion.
Immunefi has previously noted that Q1 2025 is the worst quarter for hacks in the history of crypto, driven mainly by massive violations of centralized Phemex and Bybita exchanges.
Contribution Europol Busts ‘Mafia Crypto Bank’ tied to a $ 23 million laundry scheme He appeared for the first time Cryptonews.
