€700 million Crypto Scam Using Deepfakes Dismantled in Europe

Europol and police authorities across Europe have dismantled a cryptocurrency fraud and money-laundering network that inflicted €700 million in damages and used deepfakes to trick victims.

The operation involved several phases, multiple countries and a wide range of technical and financial infrastructure that supported the criminal activity.

The investigation uncovers a criminal network

Authorities initially discovered the network while investigating a seemingly fraudulent cryptocurrency inv