Greek police have dismantled a cryptocurrency investment scam ring involving over €8 million, arresting 17 suspects including nine military personnel. The operation targeted approximately 10,000 victims who lost an average of €800 each through a pyramid-style recruitment model that promised investors could double their principal within 50 days. Authorities seized approximately €280,000 in funds linked to the scheme, which recently froze withdrawal functions to prevent victim payouts. The investigation remains ongoing as law enforcement continues to examine the full scope of the fraudulent operation.