Eurojust led cross‑border actions in Cyprus, Spain and Germany that disrupted a network running dozens of fake crypto investment platforms and laundered an estimated €600 million. Authorities reported multiple arrests and seizures, but only a small portion of stolen funds was recovered during the operation.

Eurojust coordinated enforcement operations across EU jurisdictions that targeted an organized network responsible for creating scores of fraudulent cryptocurrency investment platforms and associated payment and laundering channels. Law enforcement in Cyprus, Spain and Germany executed arrests, seized infrastructure and froze assets tied to a scheme prosecutors estimate laundered around €600 million. Investigators say the network used social media advertising, fake news stories and influencer endorsements to recruit victims, funneling funds through layered crypto and fiat pathways to offshore accounts and mule networks. The multi‑day action focused on dismantling both the front‑end scam sites and the financial plumbing that enabled rapid conversion and movement of stolen assets. While authorities highlighted the scale of the disruption and arrests, officials acknowledged that only a minor fraction of the estimated stolen funds were recovered during the operation, illustrating challenges in tracing and reclaiming cryptographically transformed assets. Eurojust emphasized the importance of international coordination to tackle transnational fraud schemes that exploit online marketing and financial opacity.