FT: UK uncovers vast crypto laundering scheme for gangsters and Russian spies

A UK-led investigation, Operation Destabilise, exposed a multibillion-dollar laundering ring linking London, Moscow, and Dubai. With 84 arrests and £20 million seized, the operation highlights how cryptocurrencies are reshaping global crime and sanctions evasion.

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By Miles Johnson and Suzi Ring in London

Multibillion-dollar ring across London, Moscow and Dubai connected cash-rich criminals with sanctions evaders ___STEADY_PAYWALL___