Europol collaborated with law enforcement authorities from six countries to bring down an international drug trafficking ring employing crypto for its financial needs.

Europol said it has taken down “underground bankers who were moving and laundering the proceeds of large-scale drug trafficking and other serious crimes” in a recent announcement.

When contacted by Decrypt, Europol explained that it is “not authorised to disclose any more details.”

The action is the culmination of two investigations and led to the arrest of nine suspects. It led to the seizure of valuables, including gold and luxury goods, €35,000 in cash and €25 million in cryptocurrencies, equivalent