European law enforcement agencies recently took down a transnational money laundering ring. These individuals used cryptocurrency to transfer illicit funds, with the amount involved reaching 700 million euros, equivalent to over 800 million US dollars.

Police from multiple countries worked together to arrest a number of suspects, and the related platforms were also taken down in the operation. At present, this financial chain has basically been broken, and the entire money laundering structure has been dismantled.

This was a large-scale operation, and it must have taken quite some time to prepare from investigation to execution. Given the size of the amount involved, the underlying operational network was likely quite complex.