Milan police bust mafia money-laundering network that moved $70M through crypto exchanges
- —Fake invoices worth €110 million masked proceeds from drug trafficking and crypto scams
- —Laundered funds were converted at crypto exchanges and sent to wallets held by suspects
- —Thirty people were arrested, including a Milan court driver and a lawyer
- —The network spanned Italy, Spain and Switzerland; €21 million in assets were seized
Why it matters: The case shows organized crime using crypto exchanges as a laundering link, while blockchain transparency helps investigators trace the money.
Source: BitcoinBázis