Argentine police arrest 24 individuals and seize over $8 million in cryptocurrency during operation

Odaily Planet Daily News The Attorney General's Office of Buenos Aires Province, Argentina, coordinated with judicial authorities and police in multiple regions to launch a large-scale joint operation codenamed Fake Coins against cryptocurrency fake investment scams. Police conducted 90 simultaneous raids nationwide, arresting 24 suspects. The operation successfully intercepted and seized a total of 8 million USDT, valued at over $8 million, along with nearly 6 million Argentine pesos in cash and a large number of electronic devices.

According to the investigation, the criminal gang induced victims to invest through social media and fake apps, with total losses amounting to nearly 3 billion pesos. The San Isidro judicial department seized the vast majority of the crypto assets during an investigation into a criminal gang of Chinese nationality. This gang developed malware to steal user information and launder money, with some funds converted into USDT through Binance P2P transactions. (infobae)