Overview
- Raids on October 27 in Cyprus, Germany and Spain led to nine arrests and seizures of cash, cryptocurrencies, bank accounts, digital devices and high‑value goods.
- Investigators say the scheme ran fake trading portals and call centers that used social engineering to pressure thousands of victims into depositing funds.
- Follow‑up actions on November 25–26 targeted affiliate marketers behind deep‑fake celebrity and political endorsements, with searches in Belgium, Bulgaria, Germany and Israel.
- Europol and Eurojust coordinated cross‑border efforts with French and Belgian authorities, and asset tracing and recovery continue across multiple jurisdictions.
- The operation forms part of a broader EU push that includes the shutdown of the Cryptomixer mixing service and earlier removal of more than 1,400 fraudulent trading sites.