Home Blockchain News Authorities Dismantle $10 Million Crypto Money-Laundering Ring in Spain

Authorities Dismantle $10 Million Crypto Money-Laundering Ring in Spain

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By CCN: A crypto money-laundering ring that was offering its services to other criminal enterprises has been dismantled in Spain. The Crime as a Service operation is believed to have laundered approximately $10.08 million (€9 million) using bitcoin and other cryptocurrencies. Guardia Civil (Spanish Civil Guard) arrested eight people in connection with the crime while charging eight more for involvement. Wallets containing 9 million euros were also frozen. This included 20 hot wallets and four cold wallets, per a statement released by Europol: “Spanish authorities froze four ‘cold wallets’ and 20 ‘hot wallets’, to which €9 million was transferred, as

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* First published on ccn.com

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