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Europol Shuts Down Syndicate Behind 49 Million Fraud Accounts
Europol has dismantled a cybercrime network responsible for over 49 million fake accounts used in cryptocurrency and e-commerce fraud. The operation took place on October 10, 2025, in Latvia with support from Eurojust. Seven suspects were arrested and SIM infrastructure was seized. The group operated a SIM farm-for-hire service under the name 'SIMCARTEL'.