Europol has announced the takedown of a major cryptocurrency investment fraud ring operating in Spain. The criminal network is accused of laundering €460 million through a global network of accomplices. Five individuals have been arrested as part of the operation. The investigation revealed a sophisticated scheme designed to defraud investors and conceal the illicit origins of the funds. Authorities are continuing to investigate the full extent of the network and anticipate further arrests. The success of this operation highlights the ongoing efforts to combat financial crime in the cryptocurrency space.