Police bust cybercrime ring accused of stealing €30 million in four-day spree

German and Brazilian police arrested four over a €30 million bank fraud exploiting a payment provider's faulty software update, seeking three more in Europe.

Operation Klonen executed 21 search-and-seizure warrants across seven Brazilian cities on August 13, arresting four people while three more suspects are pursued in Spain and Bulgaria. The ring exploited a vulnerability in a German payment service provider's booking process, caused by a faulty software update, to carry out unauthorized withdrawals totaling around €30 million within four days starting in late 2023. Funds were moved to Brazil through payment cards issued without consent, pass-through accounts, companies and virtual asset platforms, and courts ordered seizure of assets worth about R$106 million (~$20.7 million). The operation involved Brazil's Polícia Federal, Germany's BKA and the Frankfurt prosecutor's ZIT cybercrime unit.