Crypto News: Ukraine Police and US FBI Seize Nine Crypto Exchanges Suspected of Laundering Criminal Proceeds
Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds.
The platforms were allegedly processing dirty money obtained from ransomware attacks and various fraud schemes. Officers from Ukraine’s Cyberpolice unit, working with the Prosecutor General’s Office, have seized nine cryptocurrency exchanges in a multi-level international operation, with the participation of the FBI.
The web platforms offered anonymous exchange of cryptocurrencies and were employed to facilitate the legalization of illicit funds. Their services were advertised on closed hacker forums.
The network’s infrastructure, located on servers in the United States, a number of European countries and Ukraine, has been blocked during the operation.
Investigators are now trying to identify all individuals involved in the criminal activities.
Visitors to the affected domains, including 24xbtc.com, 100btc.pro, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.exchange, paybtc.pro, and owl.gold, are presented with a message stating that the sites have been seized by law enforcement.
The Ukrainian government has been actively improving its expertise on crypto assets, with employees of the Cyberpolice, the Asset Recovery and Management Agency, and the Security Service of Ukraine (SBU) attending training classes organized by Binance.
This latest operation follows previous successful busts of a crypto fraud scheme and a $40 million Russian crypto pyramid.
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