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Interpol Traces $122 Million Crypto Wallet Connected to Romance Scam Network

Interpol Traces $122 Million Crypto Wallet Connected to Romance Scam Network

Global operation uncovered a crypto laundering network tied to online romance fraud.

Written by Rahul Dhingra, Edited by David Delima | Updated: 10 July 2026 18:04 IST

Interpol Traces $122 Million Crypto Wallet Connected to Romance Scam Network

Photo Credit: Unsplash/Growtika

Thai investigators arrested two suspects during an Interpol-led fraud crackdown

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Highlights

Authorities froze thousands of bank accounts and crypto wallets
The operation involved law enforcement from 97 countries and jurisdiction
Interpol used its payment freeze system to block illicit transfers

The crypto wallet linked to an alleged money laundering suspect involved in romance scams had received over $122.5 million (roughly Rs. 1,168 crore) within ten months, revealed Interpol, as authorities widened investigations against online fraud. A statement by Interpol revealed that Thai authorities apprehended two individuals and exposed the money laundering network, through which funds obtained via romance scams were laundered by turning them into cryptocurrencies using cross-chain token swap mechanisms. The Thai operation was a result of Operation First Light 2026, which is an initiative of Interpol against social engineering scams and money laundering systems.

Operation First Light Leads to Arrests, Global Asset Freezes

This joint operation saw participation from agencies from 97 countries and jurisdictions, leading to 5,811 arrests and the recovery of $293 million (roughly Rs. 2,793 crore) in illegally obtained funds related to fraud and money laundering. Tomonobu Kaya, director of Interpol's Financial Crime and Anti-Corruption Centre, said social engineering scams “continue to pose a significant threat to our society,” adding that no country can tackle the problem alone.

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The authorities participating in the investigation were tasked with freezing bank accounts and cryptocurrency wallets where the illegal money was moved. There were 152,808 cases examined, 31,014 bank accounts frozen, 23,715 cases solved, and 15,606 suspects identified. Interpol's freezing payment system, called the Global Rapid Intervention of Payments, was used by authorities to freeze transactions of fiat money as well as cryptocurrencies.

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Deportations were also carried out by the authorities in Palau, where 22 persons were deported for their involvement in two fraud operations at hotel centres involving cryptocurrency and online gambling.

The case emerges against the backdrop of heightened alarm on the usage of crypto in romance and financial schemes. In April 2025, the FBI reported that there were 181,565 complaints about fraud involving cryptocurrencies for losses worth over $11 billion (roughly Rs. 1,04,863 crore).

There are plenty of authorities globally who have taken steps to tackle such scams. In April 2025, Operation Atlantic, led by the UK's National Crime Agency (NCA), the US Secret Service, the Ontario Provincial Police, and the Ontario Securities Commission, struck a pivotal blow against phishing scams, freezing $12 million (roughly Rs. 114 crore) tied to these funds. This operation managed to identify more than 20,000 victims across the three countries. Operation Atlantic has categorised these scams as 'approval phishing' scams.

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Further reading: Crypto hacks, Crypto Scams, Interpol

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More