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Dutch police dismantle global crypto investment scam, arrest alleged mastermind

ID: c346dda0-907a-5db6-b5e9-2f3de4141b99

STIX ID: report--c346dda0-907a-5db6-b5e9-2f3de4141b99

Feed Name: The Record from Recorded Future News

Threat Score
70/100

Date Published: 2026-07-15

Date Updated: 2026-07-23

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Dutch police dismantled a large international investment fraud operation that posed as legitimate cryptocurrency trading services. Operating since at least 2021 with about two dozen call centers and roughly 700 employees, the group allegedly generated more than €100 million per month by convincing victims to deposit funds to fake platforms whose reported profits were fictitious; victims worldwide (tens of thousands) suffered severe financial and emotional harm while investigators arrested multiple suspects, including a 46-year-old dual Israeli-Polish national described as a "well-known hacker."

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