Israel uncovers scheme to launder millions of euros through cryptocurrencies

The Israeli Tax Authority and police arrested three suspects in the organization of an international money-laundering scheme using cryptocurrencies. Reuters reports.

According to the authorities, a group of local residents systematically obtained funds from crimes committed abroad. Subsequently, the assets were converted into cryptocurrencies on various digital platforms.

The fraud targeted the French Treasury.

Police did not provide further details about the alleged offenses.

In addition to the arrest of the three principal suspects, several others were detained for questioning.

The investigation was conducted over several months in cooperation with Europol and the French police.

Earlier, Dutch authorities arrested Alexey Pertsev, the developer of the Tornado Cash mixer. Previously OFAC imposed sanctions on the service for alleged money laundering of more than $7 billion in cryptocurrencies.

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