Europol has announced the successful dismantling of a major cryptocurrency fraud and money laundering network, which laundered over €700 million. The international operation, conducted last month and earlier this week, concluded a years-long investigation targeting a criminal network that operated fake cryptocurrency investment platforms. These platforms lured thousands of victims with promises of high returns, using social engineering to inflate returns and pressure further investments. The operation's first phase began on October 27, 2025, with coordinated raids by police in Cyprus, Germany, and Spain, leading to nine arrests and the seizure of assets worth millions. The second phase, from November 25 to 26, targeted the network's marketing infrastructure, with law enforcement from Belgium and other countries participating. Europol continues to support efforts to track and recover the network's assets.