ME News report, July 9 (UTC+8): Led by INTERPOL, a global anti-fraud operation has resulted in over 5,800 arrests and the exposure of a cryptocurrency money laundering network that concealed illicit fund flows through cross-chain token swaps. One suspect’s digital wallet processed more than $122.5 million in funds within just 10 months. On-chain analysts noted that while cross-chain operations increase tracing complexity, they do not render fund flows untraceable—this case demonstrates that financial crime continues to evolve alongside blockchain technology. (Source: ChainCatcher)
INTERPOL’s Global Anti-Fraud Operation Arrests Over 5,800 Suspects and Exposes Cross-Chain Money Laundering Network
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Summary
INTERPOL’s global anti-fraud operation arrested over 5,800 suspects and uncovered a cross-chain money laundering network that used token swaps to conceal illegal fund flows. On-chain data revealed one wallet processed $122.5 million over 10 months. Analysts say cross-chain techniques complicate tracking but not tracing, and a network upgrade could enhance monitoring capabilities.
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