Woman in her 60s arrested over €1m cryptocurrency scam

Gardaí believe money provided to the woman for the purposes of 'an investment' was transferred to virtual asset service providers and then converted into cryptocurrency

Garda National Economic Crime Bureau officers were able to identify a person who transferred almost €1m as an “investment”.

Gardaí have arrested a woman in Dublin suspected of operating a sophisticated cryptocurrency scam and acting as an investment intermediary without the permission of the Central Bank.

The woman, who is aged in her 60s, was arrested on Thursday morning following searches in the south Dublin area.