National Police conducts large-scale searches in a network of illegal exchange offices

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Investigators and cyber police are conducting over 40 searches at currency exchange points suspected of fraud with crypto assets. One of the members of the criminal group has been detained.

Investigators and cyber police, as part of a criminal investigation launched on fraud charges, are conducting over 40 urgent searches at the residences of suspects and at currency exchange points suspected of committing fraud with crypto assets. This is reported by UNN citing a statement from the National Police.

Details

It is noted that, according to the investigation, the network of currency exchanges conducted business activities without the appropriate licenses.

Furthermore, under the guise of providing currency exchange and crypto asset purchase services, its participants appropriated citizens' funds. After receiving the money, victims did not receive the promised crypto assets, and contact with the suspects ceased

- the statement reads.

It is indicated that during the investigative actions, police are seizing documents, vehicles, and cash for the purpose of further compensation to victims.

"Also, one of the members of the criminal group has been detained under Article 208 of the Criminal Procedure Code. He will be notified of suspicion and served a motion for a preventive measure. The National Police, under the procedural guidance of the Prosecutor General's Office, is identifying all individuals involved in the criminal activity," law enforcement added.

Recall

At the end of June, in Ukraine, for the first time, virtual assets were seized and transferred to the management of ARMA. Over 8.3 million USDT (about 372 million UAH), seized in the case of an international cybercriminal group, were transferred to the agency's crypto wallet.

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