The UK has uncovered a massive crypto laundering scheme that allegedly facilitated financial transactions for gangsters and Russian spies. The scheme, which is still under investigation, involved using cryptocurrencies to conceal the origins of funds.
The Financial Times can confirm that authorities have been working closely with international partners to disrupt the operation. The exact details of the scheme remain classified, but it is believed to have involved complex networks of cryptocurrency exchanges and wallet services.
Law enforcement agencies have not released a specific timeline for when the investigation began or how much money was involved. However, the scale of the operation suggests that it may be one of the largest crypto laundering schemes ever detected.
Source: https://www.ft.com/content/31b9053f-343e-4c47-ace9-2b0080ec8799