On Monday, Israeli officials announced the arrest of three individuals in connection with an investigation into “large-scale fraud” against the French treasury, as well as the theft and laundering of millions of euros using cryptocurrency.

In a statement, the Israel Tax Authority and police said they had been investigating a number of persons in recent months who were suspected of routinely laundering money.

They said that some of the money “originated from crimes committed overseas while utilizing digital currencies on various platforms to hide and conceal the identities of the owners and the movement of the money.”

It gave no further details into the alleged crimes.

The investigation was handled in cooperation with Europol and French police, it said.

Three main suspects were arrested and a number of others were being held for questioning, it said.