Slovak and Czech police bust cross‑border crypto‑investment fraud network

Slovak and Czech police, acting together with Europol, carried out a joint operation codenamed MIDAS that targeted fraudulent cryptocurrency and NFT investment platforms such as SEIF Finance, SEIF Group, SEIF DAO and Crypto Cartel. The raid, conducted in Bratislava and Seredi, led to the arrest of 11 suspects and the seizure of assets including luxury vehicles, high‑value watches, gold coins, cash and crypto holdings. Victims numbered more than 1,125 and the estimated financial loss exceeded €8.4 million.

In a related case, prosecutors at the Košice Regional Prosecutor’s Office filed an indictment against two individuals and two legal entities for operating a sophisticated crypto‑investment scam that defrauded investors of almost €24 million between 2015 and 2019. If convicted, the two physical defendants face prison terms of three to ten years.