On June 30, 2025, Europol, with assistance from authorities from France, Estonia, Spain and the United States, dismantled a pig butchering scam operation after arresting 5 operatives (3 from the Canary Islands, 2 from Madrid) on June 25, 2025. The five arrested are believed to be part of a wider criminal ring, where:
The leaders used a global network of associates to collect money through cash withdrawals, bank transfers and crypto transactions.
The group has set up a corporate/banking network based in Hong Kong to route the stolen funds through a series of payment gateways and user accounts and in different exchanges.
