Spanish law enforcement has dismantled two separate crypto-related crime cases, according to CriptoNoticias. The operations were carried out by the Spanish Civil Guard and the National Police, which together arrested or identified 48 people tied to the investigations. One of the cases involved a Ponzi scheme that caused losses of about €327,000 for 113 investors. The other centered on a criminal network that allegedly used phishing attacks and fake rental advertisements to defraud victims. Authorities said the group converted illicit proceeds into crypto assets in an effort to avoid tracing, with total losses in that case exceeding €430,000. The report points to two distinct investigations, each handled by a different Spanish security body, and highlights the use of crypto as part of the laundering or concealment process rather than as the sole mechanism of the fraud itself.
Spanish law enforcement has broken up two separate crypto-related crime cases, with 48 suspects arrested or identified in total, according to CriptoNoticias.
One case involved a Ponzi scheme that caused losses of about €327,000 for 113 investors. The other involved a criminal network that used phishing and fake rental advertisements to carry out fraud, then converted illicit proceeds into crypto assets to avoid tracing. Losses in that case exceeded €430,000.
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