The National Police of Ukraine has announced that officers from Ukraine’s Cyberpolice Unit and Main Investigative Dept., working in conjunction with the Prosecutor’s Office have seized nine cryptocurrency trading exchanges. The FBI (Federal Bureau of Investigation) of the United States also participated in this’multilevel international operation’, which Ukrainian authorities called a multi-level.
They were used to facilitate the legalization of illicit funds, according to a press release. A press statement explained that they were used to legalize illicit funds. These exchanges allowed criminals to channel digital assets acquired as a result malware attacks and online fraud. They advertised their services on closed hacker forum.
During the operation, the network’s infrastructure was blocked on servers located in the United States, several European countries, and Ukraine. Investigators are trying to identify those involved in criminal activities.
Visitor to 24xbtc.com and 100btc.pro will now see a message that the domains were seized by the law enforcement.
Ukrainian government agencies are working to improve their knowledge of crypto assets. In March, a report stated that employees of the Cyberpolice and the Asset Recovery and Management Agency as well as the Security Service of Ukraine attended Binance’s training classes.
The cybercrime-fighting unit will dismantle in November 2022. This scheme was alleged to have generated over $200 million per year. The organizers of the scheme lured investors with a network of call centers and representative offices throughout Europe. was removed from April a $40 million Russian crypto-pyramid.