Spanish police smashed money laundering organizations using cryptocurrencies and frozen 9 million euros of hot wallets

On May 8th, Europol assisted the Spanish police in smashing criminal organizations that provided large-scale use of cryptocurrency money laundering services to other criminal organizations. It is reported that the Spanish National Guard (Guardia Civil) arrested 8 people and accused another 8 people of participating in money laundering activities. At the same time, four “cold wallets” and 20 “hot wallets” were frozen, of which 9 million euros were transferred to these “hot wallets” and several bank accounts.