Europol Dismantles €21M Crypto Laundering Network Linked to China and Middle East

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-15 07:29:02

European authorities have disrupted a sophisticated cryptocurrency money laundering operation that processed over €21 million for organized crime groups spanning China and the Middle East. The network, described by Europol as one of the most significant in this criminal domain, utilized a hybrid system combining traditional hawala transfers with digital asset exchanges.

Seventeen suspects were arrested across Spain, Belgium, and Austria following a coordinated January operation. The ring allegedly provided parallel banking services to drug traffickers and migrant smugglers, offering cash courier services and crypto-to-fiat conversion channels that circumvented regulated financial systems.

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