Cyprus’s Supreme Court dismissed an appeal and upheld search warrants letting police force-open two safe-deposit boxes linked to a multinational probe of fake crypto investment platforms that routed about €700 million. Authorities say the boxes may contain devices, keys or documents essential to tracing laundered crypto and fiat proceeds coordinated across EU jurisdictions and Europol.

The Cyprus Supreme Court on Feb. 15–16, 2026 rejected an appeal by an Israeli couple and cleared the way for authorities to forcibly open two bank safe-deposit boxes alleged to be connected to a multinational fraud investigation involving fake crypto investment platforms. Investigators said roughly €700 million was routed through shell companies tied to the schemes and that the boxes could hold mobile devices, hardware wallets, seed phrases, documents or other evidence necessary to trace and recover laundered cryptocurrency and fiat funds. The ruling supports search warrants issued as part of a coordinated probe involving multiple EU jurisdictions and Europol liaison, where tracing teams seek transaction records and on-chain links to shell entities and exchanges. Prosecutors and analysts emphasized that physical evidence recovered from boxes could reveal keys or access material that on-chain analysis alone cannot produce, aiding asset recovery and criminal prosecutions. Law-enforcement representatives noted the decision establishes a precedent for compelled access to private storage in high-value crypto-laundering cases and may accelerate ongoing cross-border forensic efforts.