Ukrainian police and security services have dismantled a crypto scam ring operating fake investment platforms, moving $1 million per month. Victims span 20+ countries including Germany, Poland, and France, with 62 identified so far. Authorities conducted 34 searches in Kyiv and surrounding areas, seizing over 100 computers, 100 phones, and 15 cars.
Case Overview
Ukraine’s National Police and Security Service have announced the dismantling of a cryptocurrency fraud ring that operated fake investment platforms. The group used Telegram to lure victims, convincing them to connect their wallets and send funds. They then falsified transaction data, blocked withdrawals, and tricked users into authorizing asset transfers under the guise of “test transactions.” According to authorities, the ring moved approximately $1 million per month, with victims across more than 20 countries including Germany, Poland, and France. At least 62 victims have been confirmed so far.
Police Raids
Police conducted 34 searches in Kyiv and surrounding areas, seizing over 100 computers, 100 mobile phones, and 15 vehicles. The investigation remains ongoing.
(Source: Decrypt)
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