Crime & Safety · Cyprus

Three arrested in Cyprus in international cryptocurrency fraud investigation

4 sourcesFirst reported 7 days agoUpdated 7 days ago

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Three individuals have been arrested in Cyprus as part of an international investigation into a cryptocurrency investment fraud network.
The operation, involving over 30 police officers, was conducted in collaboration with Europol.
The individuals are accused of defrauding hundreds of victims in Belgium and the Netherlands out of tens of millions of euros.
Two of the arrested individuals are also wanted by Belgian authorities and are set to face extradition proceedings.
This crackdown is part of broader efforts to dismantle organized fraud schemes involving cryptocurrency.

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Three individuals have been arrested in Cyprus as part of a wider international investigation into an alleged cryptocurrency investment fraud network. This group is accused of defrauding hundreds of victims in Belgium and the Netherlands out of tens of millions of euros. The operation was conducted by the Cypriot Police in collaboration with Europol and involved over 30 officers executing searches at various homes and offices.

Two of the arrested individuals were specifically wanted by authorities in Belgium and the Netherlands, indicating a broader effort to dismantle the international fraud network. Authorities have also initiated extradition procedures for these two suspects back to Belgium as part of the ongoing investigation into fraudulent activities linked to cryptocurrency. The coordinated operation reflects a significant step in tackling international investment scams involving digital currencies.

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Three arrested in Cyprus in international cryptocurrency fraud investigation

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