Italian authorities have arrested 30 suspects accused of running an underground banking network linked to the mafia, according to a statement from Milan prosecutors on Wednesday cited by Bloomberg and relayed by Techub News. Prosecutors said the network moved about €68 million abroad and used cryptocurrencies to launder illicit funds. The amount was cited as roughly $71 million in the report. The case centers on allegations that the group operated a shadow banking channel tied to organized crime and used crypto as part of the money-laundering process. No further operational details, named individuals, or specific tokens were disclosed in the source material provided.
Italian authorities have arrested 30 suspects accused of operating an underground banking network linked to the mafia, Milan prosecutors said Wednesday, according to Bloomberg in a report relayed by Techub News.
Prosecutors said the network moved about €68 million abroad and used cryptocurrencies to launder illicit funds. The report put that figure at roughly $71 million.
No further details were disclosed in the source material provided.
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