Europol Arrests Suspect Behind the Theft of $11.3 Million in IOTA (MIOTA)

A collaborative effort between the UK’s South East Regional Organised Crime Unit (SEROCU), the Hessen State Police in Germany, the UK’s National Crime Agency (NCA) and Europol, has successfully identified and arrested a male suspect in connection with a case of fraud, theft and money laundering that resulted in the theft of around €10 million (Approximately $11.3 Million) in IOTA (MIOTA). The 36 year-old man was arrested following the execution of a search warrant targeting an address in the city of Oxford in the United Kingdom.

The operation netted a number of computers and electronic devices that are linked to the crime of defrauding over 85 victims worldwide since January 2018.

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