Spain’s authorities reportedly busted a criminal organization that orchestrated a massive cryptocurrency scam. The wrongdoers embezzled more than €100 million ($110 million) from over 3,000 people across the globe. 

The police launched the so-called operation “Mandoa” after receiving a complaint from a person in the province of Alava who claimed to have been conned in a crypto fraud. 

The Guardia Civil confirmed that members of the organization lured victims into their scheme through telephone calls, advertisements in newspapers, or SMS, promising them high returns without risk.