A gang that managed the "advanced money laundering service" was seized and the encryption was used to change profits between criminal organizations after an international investigation.

Eurojust, who helps law enforcement agencies throughout the European Union, says, says Eurojust, who helps law enforcement agencies throughout the European Union, says, says Eurojust, who helps law enforcement agencies throughout the European Union, says, 23 suspects were arrested.

The $ 28 million cryptocurrency was frozen after the investigation, as about $ 8 million was seized in cash after the raids throughout the continent.

It is estimated that the plan was washed more than $ 100 million, and the investigation began in 2023.

According to Eurojust, border officials in Spain have discovered that large sums of money were transferred on trips to Cyprus. This led to the discovery of a much larger network.

It is believed that at least 52 people were members of the "Professional Organization" in Spain and Cyprus.

Up to six money laundering transactions every week, with packages of money on commercial flights and public transport, according to the investigators.

"The group worked with contacts outside its organization to communicate with customers and receive the money to be washed," said Eurojust. "Their contacts are linked to many commercial companies around the world."

The Spanish, Cypriot and German authorities have worked together to drop the ring - with experts from Europol helping to track the flow of illegal cryptocurrencies between the governor.

Then dozens of raids occurred, with 20 arrests in Spain, two in France and one in Slovenia.

Late last year, the UK National Crime Agency Exposed to A similar scheme on a broader scale through the "destabilization process".

This has led to more than 80 arrests and the manufacture of $ 25.5 million in cash and encryption after disrupting Russian money laundering operations.

In this case, digital assets were used to re -invest in illegal companies - delivery of drugs and firearms that will be purchased by gangs without physical money moving across the border.

The unlimited nature of encryption means that law enforcement agencies in multiple judicial states must now cooperate to thwart criminal gangs, as investigations often take years to complete them.

Edit Stacy Elliot.