The financiers of the provincial command of Rome and the special unit for Privacy Protection and Technological Fraud in Rome seized over 776 million cryptocurrencies valued at approximately 63 million euros. This action followed an investigation coordinated by the Velletri prosecutor’s office, focusing on 21 individuals involved in criminal association for the abusive exercise of financial activity. Among the suspects, 15 were placed in police custody, while one faced immediate trial before departing the Country. The investigation revealed that the operation’s hub was located in Frascati, operating across the national territory.

Utilizing social media platforms, the suspects promoted cryptocurrency investments on illicit online channels. These investments promised high weekly returns, aiming to attract new investors and increase capital flow continuously.

Authorities gathered substantial evidence implicating an Italian company in illegal market activities, where it developed a digital currency offered as an investment vehicle on its website. The seized 776 million cryptocurrencies were valued at around 82 thousand euros each, totaling approximately 63 million euros. Notably, one suspect was apprehended at Fiumicino airport as he attempted to board a flight to Poland under suspicion of criminal activities.

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