European Union law enforcement agencies have joined forces to crack down on notorious cross-border crypto scammers.
Eurojust and Europol have been working with Bulgaria, Germany, Cyprus, and Serbia to catch online investment fraudsters since July 2022.
Latest reports revealed that the scammers have changed their strategies and started to defraud unsuspecting crypto investors trying to recover from year-long losses.
Europol Uncovers Millions Of Euros Worth Of Losses To Crypto Scams
Eurojust and Europol are working with digital businesses to stop European crypto scams. During their investigation, they exposed a criminal group that operates from call centers. The report revealed that German investors lost over $2.1 million to these online crypto scams.
According to Europol, the scammers beguiled victims from different countries to invest in fake digital asset investment schemes and rob them of their funds. This problem led to a joint operational task force for cross-border investigations
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