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Ukraine shuts crypto investment scam with up to $1M monthly turnover

Ukraine shuts crypto investment scam with up to $1M monthly turnover

Ukraine has dismantled a network of fake crypto investment platforms that allegedly drained wallets belonging to people in more than 20 countries, with investigators identifying 62 victims so far.

Summary

  • Ukraine dismantled fake crypto investment platforms that targeted victims across more than 20 countries.
  • Investigators have identified 62 victims, while the network reportedly handled up to $1 million a month at its peak.
  • Victims were shown fake investment gains before a wallet drainer stole their crypto when they tried to withdraw funds.
  • Police conducted 34 searches and seized more than 100 computers, over 100 phones and 15 vehicles.

The National Police of…

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