Recently, Argentine law enforcement dismantled a criminal organization involved in cryptocurrency scams and money laundering. The scale of this case is significant — the involved funds exceed 1.8 trillion Argentine pesos, roughly equivalent to about 1.2 billion USD.

What are their tactics? They first create fake documents and use these forged credentials to open accounts at private banks. Then, they illegally obtain loans using these accounts, and once the money is received, it is immediately transferred to cryptocurrency platforms. Agricultural enterprises have become their main victims.

From the details of the case, this is not a small-time operation but a complete criminal industry chain — from document forgery and bank fraud to crypto transfers, with tightly connected steps. This case also serves as a reminder that when using crypto platforms, especially for large transactions, one must stay vigilant. Similar risks are not only present in Argentina; law enforcement agencies worldwide are intensifying efforts to investigate such cross-chain money laundering activities.