Sweden's underground economy just got exposed. A staggering €325 million in welfare fraud has been funneling cash straight into criminal gang operations across the country. The report reveals how these networks exploit social safety nets, turning taxpayer money into illicit funding streams. What's worse? This isn't an isolated case—similar schemes are popping up across Europe. As regulators crack down on traditional finance loopholes, the question becomes: will these gangs pivot to crypto rails next? The intersection of welfare fraud and shadow finance is getting messy.
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LiquidityOracle
· 2h ago
Wow, €325 million directly flows into the hands of the gangsters? This is why I say the traditional financial system has ridiculous loopholes...
Crypto really needs to be careful not to take the blame, these people will definitely shift the blame to blockchain
If welfare funds can be laundered, what is it that these people wouldn't dare to do?
What is going on in Europe, where's the brains of the people holding the licenses?
But on the other hand, once such news comes out, regulation will only get stricter... for us in crypto, could it actually be long-term favourable information?
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PonziDetector
· 12-01 10:50
This is getting interesting, buddy. Three hundred million euros in welfare fund money laundering? With TradFi being so tight, they will definitely have to run on-chain, just waiting for it.
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ShibaMillionairen't
· 12-01 10:41
nah, this situation in Sweden is too absurd, welfare being misappropriated by gangs... sooner or later it will be on-chain.
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GasBandit
· 12-01 10:39
Nah, Sweden is really outrageous this time... welfare money is directly supporting gangs, this logic is really absurd.
Wait, are they really going to turn to crypto? It feels like they've been using it for a long time already.
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GasFeeSobber
· 12-01 10:36
ngl this is why I say the TradFi system is full of loopholes... welfare fraud flows to gangs, next step is to go on-chain, anyway the on-chain privacy is stronger.
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RetailTherapist
· 12-01 10:34
Wow, 325 million euros can really be washed out... Will TradFi really run to the crypto world after being blocked? That's the big question.
Sweden's underground economy just got exposed. A staggering €325 million in welfare fraud has been funneling cash straight into criminal gang operations across the country. The report reveals how these networks exploit social safety nets, turning taxpayer money into illicit funding streams. What's worse? This isn't an isolated case—similar schemes are popping up across Europe. As regulators crack down on traditional finance loopholes, the question becomes: will these gangs pivot to crypto rails next? The intersection of welfare fraud and shadow finance is getting messy.