In summary, European law enforcement agencies have successfully taken down a cross-border cryptocurrency fraud network that spanned across Serbia, Germany, Cyprus, and Bulgaria.

The operation resulted in the arrest of 14 people in Serbia and one in Germany, as well as the seizure of 150 computers, three cars, two luxury apartments, $1 million in cryptocurrencies, and 50,000 euros in cash.

The victims of the scam were reported to be from several countries including Germany, Switzerland, Austria, Australia, and Canada, but the exact number of victims has not been disclosed.

It is unrelated to the recent raid on crypto lender Nexo, which was accused of money laundering and tax violations.