Overview
- Coordinated actions on October 27–29 in Cyprus, Spain and Germany were directed from Eurojust’s headquarters in The Hague with investigators from France, Belgium, Germany, Spain and Cyprus.
- Searches seized €800,000 in bank funds, €415,000 in cryptocurrencies, €300,000 in cash and luxury watches worth about €100,000, with real estate now under appraisal.
- Prosecutors say the network built dozens of fake investment platforms and lured victims through social media ads, cold calls, fabricated news stories and bogus celebrity testimonials.
- Authorities estimate about €600 million was laundered through blockchain channels, with several hundred victims reported in France and across Europe, including many pensioners.
- French judges issued European arrest warrants for six of the suspects, and cross‑border prosecutions and asset‑recovery efforts are ongoing.