With the help of US law enforcement, Ukrainian police have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platform was allegedly processing dirty money earned from ransomware attacks and various fraud schemes.
Cyber police and US investigators raid Ukrainian cryptocurrency exchange
Ukrainian National Police announced that, in cooperation with the Prosecutor General’s Office, Ukrainian cyber police units and officers of the Chief Investigation Department seized nine cryptocurrency exchanges. Representatives of the US Federal Bureau of Investigation (FBI) also took part in what Ukrainian officials describe as a “multi-level international operation.”
The web platform provided anonymous exchange of cryptocurrencies. They were hired to help legalize illegal funds. press release explained. Through these exchanges, criminals circulated digital assets obtained as a result of malware attacks and online fraud. Their services were advertised on private hacker forums.
The network’s infrastructure with servers in the United States, many European countries and Ukraine was blocked during the operation. Investigators are now trying to identify all individuals involved in the criminal activity.
Visitors to 24xbtc.com, 100btc.pro, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.exchange, paybtc.pro, owl.gold notice the domain has changed I’m getting a message showing Seized by law enforcement.
Ukrainian government agencies are working to improve their cryptocurrency expertise. According to reports in March, employees of the Cyber Police, the Asset Recovery and Management Agency, and the Security Service of Ukraine (SBU) attended a training class hosted by Binance, the world’s leading cryptocurrency exchange.
In November 2022, the Cybercrime Division dismantled a cryptocurrency fraud scheme that allegedly made more than $200 million a year. Its organizers have attracted investors through a chain of representative offices and call centers across Europe. The $40 million Russian crypto pyramid was dismantled in his April.
Do you think Ukraine will expand cooperation with the US in law enforcement activities in the crypto space?
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