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

The Attorney General's Office of Buenos Aires Province, Argentina, coordinated judicial authorities and police in multiple regions to launch a large-scale joint operation codenamed Fake Coins, targeting fraudulent cryptocurrency investment schemes. 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 group lured victims into investing through social media and fake apps, with total losses amounting to nearly 3 billion pesos. In particular, the judicial department of San Isidro seized the majority of the crypto assets during an investigation into a criminal group of Chinese nationals. This group developed malware to steal user information and launder money, with some funds being converted into USDT via Binance P2P transactions. (infobae)