Italian police have dismantled a Mafia-run underground banking network involved in $76.29 million in cryptocurrency laundering.

Italian financial police have dismantled an underground banking network linked to the Mafia, arresting 30 people. The organization issued €110 million in fraudulent invoices through shell companies, involving $123.45 million, and laundered $76.29 million through cryptocurrency exchanges. Authorities plan to seize €21 million in assets, and Spanish and Swiss police are assisting in the pursuit of related suspects.