Italian Police Bust €110M Mafia Bank That Moved €68M Abroad via Crypto
- —Operation ran for about three years, charging 2–5% commissions on cash withdrawals
- —16 detention orders and 14 house arrests; more than 350 officers took part
- —Suspects linked to 'Ndrangheta, Camorra and Foggia mafia clans, plus Chinese and Albanian associates
- —Proceeds allegedly funded imprisoned mafia members and weapons purchases
Why it matters: The case highlights how organized crime uses stablecoins and crypto exchanges to launder money, adding pressure on EU regulators to tighten KYC rules.
Source: Bitcoin.com
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