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Crypto

Russian Authorities Crack Down on Illegal Cryptocurrency Exchange Involved in Ukrainian Scam, Over 20 Arrested

2026/08/08 22:11(Updated 2026/08/10 10:01)

CoinPost

Written by A.Yamada

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Russian Authorities Crack Down on Illegal Cryptocurrency Exchange Involved in Ukrainian Scam, Over 20 Arrested

Over 20 Individuals Arrested by Russian Authorities

The Federal Security Service of Russia (FSB) announced on the 7th that they had detained over 20 individuals working at nine cryptocurrency exchange offices located in Moscow's business district, 'Moscow City'. These exchanges were operating illegally and were used to transfer funds stolen from Russian citizens abroad. Specifically, they sold cryptocurrencies to the public and transferred the funds to the accounts of masterminds based in Ukraine. The authorities are currently...

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