Hacking News
Mafia Bank Uses Crypto to Launder Money
Italian police have arrested 30 people accused of running an underground bank for organized crime from a car-rental business near Milan. The operation, carried out by the Guardia di Finanza, targeted suspects linked to the 'Ndrangheta, the Camorra and other organized crime groups from Foggia in southern Italy. The network moved about €68 million abroad, including through crypto exchanges, and handled money stolen from crypto investment scams victims. The network also received cash in return for handing over drug traffickers' cash, according to prosecutors.