Italian Police Probe Dogecoin-Linked Football Club for Money Laundering
Italian financial police have searched the headquarters of Triestina Calcio, a third-tier football club, as part of an ongoing investigation into alleged money laundering, according to information from Reuters.
Key Takeaways
- Italian police are probing Triestina Calcio over suspected money laundering and accounting issues.
- The club received major funding inflows but remains heavily in debt.
- Dogecoin is hovering just above the critical $0.10 support level.
The operation included searches at the club’s offices in the northeastern city of Trieste, as well as at the homes of 15 individuals.
Authorities are examining suspected offenses including money laundering, false accounting, and the use of invoices tied to transactions that allegedly never occurred. The probe covers activity between 2022 and 2025, a period during which the club passed through three different ownership structures.
Ownership Changes and Dogecoin Link Under Scrutiny
During the period under investigation, Triestina Calcio was owned successively by Atlas Consulting, then by LBK Triestina Holdings, controlled by U.S.-based LBK Capital. In September 2025, the club was acquired by House of Doge, the commercial arm linked to the Dogecoin Foundation.
The involvement of a crypto-linked entity has added further attention to the case, although investigators are not focusing on Dogecoin itself, but rather on the club’s financial flows and accounting practices across multiple ownership regimes.
Focus on Public Funds and International Bank Transfers
Investigators are reportedly concentrating on two main financial channels. The first involves roughly 10 million euros in public funding received by Triestina, with authorities checking how the money was ultimately used.
The second strand concerns approximately 40 million euros transferred to the club through U.S. and Canadian banks. Despite these inflows, sources say the club is currently burdened with debts totaling around 60 million euros, raising questions about financial management and cash flow allocation.
Dogecoin Trades Just Above the $0.10 Psychological Level
Dogecoin is currently trading slightly above $0.10, a level widely viewed as a major psychological and technical support zone. After a prolonged decline from the $0.14-$0.15 region, price action has compressed around this area, signaling that buyers are attempting to defend it.
On the 4-hour chart, DOGE continues to post lower highs while holding above the $0.10 barrier. RSI remains in the low-to-mid 40s, reflecting weak momentum without entering deeply oversold territory, a typical sign of consolidation rather than capitulation.
MACD remains in negative territory, but the histogram has started to flatten, suggesting bearish momentum may be slowing. For bulls, holding above $0.10 is critical. A sustained break below this level could open the door to deeper downside, while successful defense may allow DOGE to stabilize and attempt a short-term recovery.
As legal scrutiny surrounding House of Doge unfolds and broader market sentiment remains cautious, the $0.10 level is shaping up as a decisive line for Dogecoin in the near term.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
