Europol helps dismantle $23M ‘mafia crypto bank’

Quick Summary:

Another 421,000 euros ($471,000) in cash was seized from 77 bank accounts tied to the criminal organization, which one Spanish news outlet described as a “mafia crypto bank.”Luxury bags, watches and even cigars worth 876,000 euros ($980,000) were also seized, Spanish officials said.

A total of 17 individuals were arrested — 15 in Spain, one in Austria and one in Belgium — while 4.5 million euros ($5 million) worth of items were seized, including cash, crypto, 18 vehicles, four shotguns and several electronic devices.Of the 4.5 million euros, 183,000 euros ($205,000) came as crypto.

European law enforcement in January arrested 17 suspects of a “mafia crypto bank” who are said to have laundered over 21 million euros ($23.5 million) in crypto for criminal entities in China and the Middle East.

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Article Details

Author / Journalist: Cointelegraph by Brayden Lindrea

Category: Crypto

Markets: United StatesAustriaBelgiumChinaJapanSpain

Topics: Europol Million Crypto Euros Organization Criminal Enforcement Seized Arrested Spanish Money

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 03:44:47 (20 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28722710

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