Belgian law enforcement has moved against a phishing operation, with the stolen funds allegedly laundered through cryptocurrency. The arrests are part of a broader crackdown on organized financial crime rings operating across Belgium and the Netherlands.
How the phishing gang operated
The criminal group relied on a technique known as “vishing,” short for voice phishing. Instead of sketchy emails, they called people on the phone and pretended to be bank officials or police officers.
Their preferred targets were elderly individuals in Belgium. In some cases, the group allegedly went beyond phone calls entirely, sending members to victims’ homes in person to collect bank cards or other sensitive materials while posing as officials.
The operation was centered in Rotterdam and various other Dutch cities, though its victims were primarily located in Belgium.
