New Delhi: Security agencies across Europe dismantled a massive cybercrime network operating from Latvia, seizing over 40,000 SIM cards and arresting five suspects.

The operation, named SIMCARTEL, uncovered luxury cars, servers, hundreds of thousands of euros in bank funds and cryptocurrency assets tied to the criminals.

Investigators revealed that the network rented phone numbers in more than 80 countries, enabling fraudsters to create fake accounts on social media, banking platforms and e-commerce sites.

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Joint efforts by Latvian police and European agencies revealed the existence of nearly 5 crore fake online accounts used to conduct widespread cyber fraud.

Authorities also froze five servers, four luxury cars, approximately €430,000 in bank asset

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