Investigators say the network moved hundreds of millions of hryvnias every month, while dozens of searches revealed the scale of the suspected operation.

The Prosecutor General’s Office and the Economic Security Bureau of Ukraine announced that they had uncovered an organization that, according to investigators, funneled funds through a so-called conversion center and converted them into cryptocurrency.

As reported by Office of the Prosecutor General.

According to the investigation, the scheme’s monthly turnover amounted to approximately UAH 500 million. The total amount of funds processed by the organization reached UAH 23.5 billion.

Law enforcement officers have preliminarily established that the scheme may have caused the state…