Scammers Who Laid Mistaken Cryptocurrency Exchanges Right Away Arrested Inward Ukraine...

The scam worked similar this - setup websites that looked similar known together with trusted exchanges, fox people into clicking links to them, together with thence bag their login information.  Once they had that, they could log into the existent exchanges together with drain their wallets.

According to a disceptation from the Ukrainian government:

"Receiving operational information nearly the activities of fraudsters, police pull began criminal proceedings nether Part iii of Art. 190 (fraud) of the Criminal Code of Ukraine. Within it, employees of the cyberpolice carried out a complex of operational measures, the results of which established the persons involved inwards this crime. They were inhabitants of the metropolis of Dnipro from twenty to 26 years old."

After stealing the victims cryptocurrency, they would cash out using exchanges which convert cryptocurrency to fiat cash, transferring the funds to depository fiscal establishment accounts opened alongside other stolen identities.

Ukrainian cybercrime investigators tell a full of vi mistaken central sites were created past times the iv people they arrested.

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Author: Mark Pippen
London News Desk