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Israel arrests suspects over stolen millions in crypto fraud against French treasury

Crypto Israel Europol

Israeli police have arrested several suspects believed to have been involved in multi-million crypto currency fraud against the French treasury. Photo: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken 8 January, 2021. REUTERS - DADO RUVIC

Several suspects have been detained in Israel in connection with a multi-million cryptocurrency laundering scheme to defraud the French treasury.

According to a statement released by Israeli police this Monday, the investigation focused "on the suspicion of a large-scale fraud against the state treasury in France that was carried out from Israel."

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