Fragmented regulations across the EU allow 100 individuals to lose €100M to a crypto scam
- European police dismantled a €100M crypto fraud network affecting 100+ victims across 23 countries via fake investment platforms. - Scammers used Lithuanian bank accounts to launder funds, exploiting jurisdictional gaps in fragmented EU crypto regulations. - The six-year scheme exposed systemic weaknesses in investor protections and cross-border financial oversight. - International collaboration between Eurojust, Europol, and six nations led to arrests and asset freezes, highlighting ongoing crypto crime
A joint effort by European law enforcement agencies has broken up a cryptocurrency investment scam that targeted over 100 individuals in 23 different countries, resulting in losses of at least €100 million. The investigation, which began in 2018, was coordinated by Eurojust and received support from Europol. Authorities in Spain, Portugal, Italy, Romania, Bulgaria, and Lithuania carried out simultaneous arrests and asset seizures. Five people were taken into custody, and several bank accounts were frozen during the operation.
The criminals behind the scheme set up convincing fake crypto investment websites, luring victims with promises of substantial profits. When investors tried to retrieve their money, they were hit with extra charges, only for the platforms to vanish soon after. The stolen money was funneled through Lithuanian banks, taking advantage of regulatory loopholes and the international nature of Europe’s financial system. The scam’s persistence for more than six years exposed weaknesses in regulatory consistency and highlighted the lack of strong protections for crypto investors.
This crackdown required extensive international cooperation. Eurojust established a Joint Investigation Team (JIT) between Spain and Lithuania, while Europol contributed intelligence and operational assistance. Law enforcement executed searches in five different countries, confiscating digital assets and financial documents. The operation demonstrates the increasing complexity of crypto-related fraud, where criminals exploit legitimate financial systems to hide illegal proceeds. This case is part of a broader pattern in 2025, including the disruption of a $460 million crypto scam in Spain and a $540 million laundering network affecting 5,000 victims.
The effects of the fraud were widespread throughout Europe, with the majority of victims located in Germany, France, Italy, and Spain. According to the U.S. Federal Trade Commission, investment scams rose by 25% in 2024, leading to $5.7 billion in losses, highlighting the global reach of crypto fraud. The European incident further demonstrates the difficulties in tackling digital asset crimes, as offenders take advantage of cryptocurrency anonymity and inconsistent regulations. Lithuania’s role as a laundering center was due in part to its financial system’s limited ability to monitor international crypto transactions.
Experts point out that this case reveals fundamental flaws in the cryptocurrency market. Inadequate trust systems, scarce insurance coverage, and slow regulatory responses make it easier for scams to thrive. While the dismantling of this network shows that international collaboration can disrupt criminal operations, it also emphasizes the urgent need for stronger regulatory measures. As Eurojust observed, the patchwork of national laws continues to benefit scammers, allowing them to operate across borders with little oversight.
Despite the operation’s achievements, concerns about future crypto-related crime persist. The U.S. Federal Trade Commission reported a record $12.5 billion in fraud losses in 2024, with $5.7 billion attributed to investment scams. Europol’s SOCTA 2025 report also identified cryptocurrencies and decentralized finance (DeFi) as major drivers of modern financial crime, with criminals quickly adapting to new technologies. Although the European crackdown is a significant step, it serves as a reminder that the crypto industry remains risky for investors, demanding vigilant regulation and robust institutional safeguards to prevent further fraud.
---
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap News Today: Uniswap's 100 Million UNI Token Burn Sparks 38% Rally as Deflationary Changes Transform DeFi
- Uniswap's UNI token surged 38% after the Foundation and Labs launched the "UNIfication" governance overhaul, activating protocol fees and token burns. - The proposal includes a 100M UNI retroactive burn (16% of supply), fee redirection to deflationary mechanisms, and a 20M UNI Growth Budget for DeFi innovation. - Structural changes consolidate teams under Uniswap Labs, eliminate interface fees, and establish a 5-member board to align governance with DUNA's decentralized framework. - Market reaction saw U

Solana's Value Soars: Key Factors Fueling Investor Confidence Toward the End of 2025
- Solana (SOL) surges in late 2025 due to infrastructure upgrades, institutional adoption, and strong on-chain metrics. - Firedancer validator client boosts TPS to 1M+, while Alpenglow aims for sub-second finality, enhancing scalability for real-time finance. - Institutional holdings of SOL jump 841% to 16M tokens, with Visa and R3 partnerships validating its role in cross-chain global finance. - Network records 17.2M active addresses and 543M weekly transactions, maintaining 8% DeFi market share despite b

Uniswap Latest Updates Today:
- UNI token surged over 40% to $10+ as Uniswap Labs and Foundation proposed "UNIfication" to distribute protocol fees to holders via token burns and a "token jar." - The plan includes burning 100M UNI ($800M) and allocating 16.7%-25% of v2/v3 pool fees to holders, merging the Foundation into Labs to streamline operations. - Market reactions saw UNI jump 30% in a day, reaching $10.50, with a $7.19B market cap, driven by optimism over DeFi fee capture and DUNA approval easing regulatory concerns. - Critics w

Bitcoin Leverage Liquidations Spike in November 2025: A Warning Story for Crypto Derivatives Traders
- November 2025 saw $20B+ in crypto derivatives liquidated as Bitcoin fell below $100,000, driven by 1001:1 leverage and automated stop-loss mechanisms. - Leverage-driven cascading liquidations pushed Ethereum to four-month lows and exposed systemic risks in unregulated platforms like Hyperliquid and Aster. - Regulators proposed CFTC/SEC role clarifications and domestic leveraged trading, but experts warn structural imbalances persist despite growing retail risk awareness. - Institutional investors shifted
