Ukraine, US Shut Down 9 Cryptocurrency Exchanges

Supported by U.S. regulation enforcement, police in Ukraine have disrupted a community of crypto trade companies suspected of laundering felony proceeds. The platforms had been allegedly processing soiled cash obtained from ransomware assaults and numerous fraud schemes.

Cyberpolice, US Investigators Bust Crypto Exchanges in Ukraine

Officers from Ukraine’s Cyberpolice unit and Main Investigative Department, working with the Prosecutor General’s Office, have seized 9 cryptocurrency exchanges, the National Police of Ukraine introduced. Representatives of the U.S. Federal Bureau of Investigation (FBI) additionally took half in what Ukrainian authorities described as a “multi-level international operation.”

The internet platforms supplied nameless trade of cryptocurrencies. They had been employed to facilitate the legalization of illicit funds, a press release defined. Through these exchanges, criminals channeled digital belongings obtained on account of malware assaults and on-line fraud. Their companies had been marketed on closed hacker boards.

The community’s infrastructure, situated on servers within the United States, various European international locations and Ukraine, has been blocked throughout the operation. Investigators at the moment are attempting to establish all people concerned within the felony actions.

Visitors to 24xbtc.com, 100btc.professional, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.trade, paybtc.professional, and owl.gold now get a message stating the the domains have been seized by regulation enforcement.

Ukrainian authorities businesses have been working to enhance their experience on crypto belongings. A report revealed in March that workers of the Cyberpolice, the Asset Recovery and Management Agency, and the Security Service of Ukraine (SBU) attended coaching lessons organized by the world’s main crypto trade, Binance.

In November 2022, the cybercrime-combating unit dismantled a crypto fraud scheme allegedly making over $200 million a yr. Its organizers lured buyers via a series of consultant places of work and name facilities all through Europe. A $40 million Russian crypto pyramid was taken down in April.

Do you assume Ukraine will develop its cooperation with the United States in regulation enforcement operations within the crypto area?