Authorities across multiple EU countries, coordinated by Eurojust, arrested nine individuals on October 27 and 29 for their involvement in a transnational network accused of laundering money through fake cryptocurrency investment platforms. The network allegedly defrauded approximately $689 million by luring users via social media, fake advertisements, and celebrity impersonations to transfer funds to fraudulent investment platforms. Authorities have frozen around $919,000 in bank deposits, $477,000 in crypto assets, and $345,000 in cash.