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Argentina's Federal Police Conquer Around $4,000 in Crypto Assets in 27 Raids Across the Country

According to Diarionucleo, on August 12th, the Argentine Federal Police carried out 27 raids nationwide, confirming the identities of 24 individuals and confiscating encrypted assets (worth approximately $4,000), including Bitcoin, Ethereum, and USDT.

One of the investigations that led to this operation began in February of this year, when cybercriminals managed to replicate the phone number of a chief operating officer of an important company, gaining access to the company's bank account of 20 million pesos, which was later converted to cryptocurrency through various transactions.

Because this criminal operation made monitoring bank account funds more complex, the public sector of the Buenos Aires Province and the specialized cryptocurrency team of the Argentine Federal Police were needed to intervene.

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