€68 Million Crypto Laundering Scandal: Italy Targets 30 Suspects in Cross-Border Probe

TL;DR: The Milan Public Prosecutor’s Office and the financial police executed precautionary measures against 30 suspects for illicit transfers estimated at 68 million euros. Judicial authorities ordered the preventive seizure of assets valued at over 21 million euros and identified 110 million euros in fraudulent invoicing. Police operations included cross-border actions in Spain and Switzerland, with 16 individuals in pre-trial detention and 14 under house arrest. The Milan Prosecutor’s Office and Italy’s financial police executed a series of precautionary measures this October 21 against 30 suspects linked to a criminal network accused of running cryptocurrency money laundering operations totaling 68 million euros.

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