How a $123M crypto scam in Australia laundered millions through a ‘legit’ business
Australian authorities busted a $123-million crypto fraud. The scheme used seemingly legit businesses for crypto money laundering.
Australian authorities exposed a crypto crime organization that allegedly laundered $123 million. Four suspects are charged in connection with the scheme.
The discovery is the outcome of an 18-month crypto investigation by Australian authorities. Members of the Australian Federal Police, Queensland Police Service and Australian Criminal Intelligence Commission, along with many other agencies, joined forces to investigate suspicious transactions back in December 2023.