Cybercrime Southeast Europe Newsletter No. 79

Growing Role of Cryptocurrencies in Organized Crime in the Western Balkans

In recent months, research shows that cryptocurrencies are increasingly used for money laundering, fraud, and financing organized crime in the Western Balkans.

Key facts:

• It is estimated that between 25 and 30 billion USD in crypto transactions occur in the region, posing significant risks for abuse.
• So far, only three cases of crypto asset seizures have been reported in regional countries, indicating gaps in regulatory capacity and oversight.
• In a seminar held in April 2025, investigators and prosecutors from Balkan countries exchanged experiences and tools for detecting crypto abuse, showing that authorities are preparing to take action.

What this means for investors in the region:

• Crypto platforms lacking clear regulation or transparency carry high risk and may be linked to organized criminal activity.
• Gaps in the legal framework and procedural enforcement allow scammers to use the region as a conduit for illegal transactions.
• Cooperation between Balkan countries and international institutions is ongoing, making awareness and caution crucial.

Protection recommendations:

• Before investing in cryptocurrencies, check whether the platform has a regulatory license, transparent terms, and a solid reputation.
• Do not transfer funds to unknown addresses and avoid unclear offers promising high returns.
• In case of doubt, contact competent authorities or consult financial and legal experts.

Caution, verification, and careful action remain crucial to protecting your finances.

Your DefendMe Team