INTERPOL reports that a global anti-fraud operation results in 5,811 arrests and uncovers a crypto laundering network linked to fraud, including romance scams. Across multiple jurisdictions, investigators say they identify suspects who route illicit proceeds through cryptocurrencies to obscure their origin. Authorities report that one crypto wallet is tied to the laundering activity and processes about $122.5 million over a 10-month period. According to the accounts, the scheme uses cross-chain swaps, which can make it harder to follow fund movements between different blockchain networks. The operation is described as an INTERPOL-led crackdown involving coordinated law-enforcement efforts against online fraud. While the reports focus on the blockchain-based aspect of the scheme, they present the findings as part of broader action against fraud and the movement of stolen funds. The outlets do not provide further details about the identity of the suspects, specific countries involved beyond the international scope, or the ultimate destinations of the laundered funds.
INTERPOL anti-fraud operation arrests 5,811 and traces $122.5 million crypto laundering wallet
INTERPOL reports that a global anti-fraud operation results in 5,811 arrests and uncovers a crypto laundering network linked to fraud, including romance scams. Across multiple jurisdictions, investiga...
- INTERPOL says a global anti-fraud operation leads to 5,811 arrests.
- Authorities trace a crypto wallet involved in the scheme that reportedly processes about $122.5 million in 10 months.
- The reported laundering method involves cross-chain swaps to obscure the flow of funds.
- Sources link the activity to fraud, including romance scams.
- The operation is coordinated across multiple jurisdictions under INTERPOL’s umbrella.
Interpol said a suspect's crypto wallet processed over $122.5 million in 10 months as authorities uncovered the scheme during a global anti-fraud operation that led to 5,811 arrests.
2 hours agoThe operation uncovered a crypto laundering network using cross-chain swaps to obscure funds, with one wallet processing $122.5M in 10 months.
4 hours ago
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