Spanish police say they have arrested seven suspected members of a cocaine-trafficking criminal network who then used cryptocurrency to launder the proceeds of their operations.
The gang is also believed to have ties to a network of companies in SevilleIncluding “A car repair shop used to launder money from selling drugs. It also invests a portion of its revenue in cryptocurrencies.
The police also carried out an operation.”Grand Tragadera“ Grande-Tragadera detaining 20 A vehicle, two motorbikes, and200 thousand euros, and20 Kilos of cocaine, links to cryptocurrency accounts. Several companies have been inspected in SevilleAndkadesh (Cadiz). Links to the criminal network were also examined.
Recently, the use of cryptocurrencies in criminal activities has become increasingly widespread. Less than two weeks ago, Spanish National Police investigators carried out raids on the website Vi Seville. It is believed that it is used to mine illegal cryptocurrencies.
As mentioned in a statement issued in 28 January,”The site was used to grow marijuana But it turns out that it contains a number of servers To mine Bitcoin. The police released a video showing the size of a crypto-mining farm in the country Seville.
The value of Bitcoin Bitcoin Mined from the illegal farm for 31,500while the value of mining equipment amounted to 13 thousand euros.
Read also: Money laundering through “NFTS” is a growing sector
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