Batna Security Services Dismantle Virtual Currency Trafficking Network

Batna province's security services have successfully dismantled a criminal network suspected of involvement in the trafficking of virtual currencies through online platforms. The operation led to the arrest of four individuals, whose ages range from 24 to 38, and the seizure of substantial assets, reinforcing national efforts to combat emerging forms of financial crime.

The security operation commenced following investigations by specialized teams who identified electronic accounts on social media promoting virtual currency transactions, including their purchase, possession, use, and trade. The intervention was carried out under the supervision of the competent public prosecutor, with the active participation of the Cybercrime Combat Squad and coordination with the Economic and Financial Crime Combat Squad, highlighting a comprehensive approach to modern financial offenses.

During the search and seizure phase, authorities recovered 2,441,500 Algerian Dinars and 1,125 Euros. Additionally, two tourist vehicles, a motorcycle, five gold cards, two electronic payment cards, a laptop, a central unit, four mobile phones, and a PlayStation 5 were confiscated. The total estimated value of the seized items reportedly exceeded two billion centimes. Following the completion of legal procedures, the suspects were presented before the Public Prosecutor at Batna court on charges related to the illicit trade and circulation of virtual assets, alongside violations of foreign exchange regulations and the offering of prohibited electronic services.

This successful intervention by Batna's security services demonstrates the heightened vigilance and operational capability of Algerian law enforcement against sophisticated financial crimes. By disrupting illicit virtual currency activities, the authorities actively protect the integrity of the national financial system and maintain public economic order against unregulated transactions.