Ukraine’s Cyber Police Busted a Network of Fake Crypto Exchanges
Ukraine’s cyber police, a combating unit of nation’s police force, have arrested four individuals allegedly involved in operating six phony cryptocurrency exchange platforms. The report indicated that the scam sites were taken down as soon as they were able to raise substantial amounts from the unsuspecting traders who register on these platforms.
Ukrainian Cyber Police in action
The Ukrainian cyber police stopped the operations of these perpetrators after an anonymous source tipped them off. The department immediately swung into action, locating their hideouts and bringing them to justice under the Part 3 of Art. 190 (fraud) of the Criminal Code of Ukraine. The press release stated:
“THE CRIMINAL GROUP CONSISTED OF FOUR PEOPLE. ATTACKERS, WITH SPECIAL KNOWLEDGE AND SKILLS IN THE FIELD OF PROGRAMMING, HAVE CREATED THEIR CMS-SYSTEM FOR MANAGING THE CONTENT OF EXCHANGE SITES. THE CREATED WEB RESOURCES IMITATED THE LEGAL ACTIVITIES OF WEB-EXCHANGERS FROM THE MULTI-DIRECTIONAL CONVERSION OF CRYPTO-CURRENCY AND RECEIVED FALSE POSITIVE RATINGS.”
The list of the fake crypto exchanges includes – swapex.net, likechange.biz, wowex.online, moneycraft.info, iconvex.net, and myexchanger.lv.
Read more on: https://cryptocoin.news/news/scams/ukraines-cyber-police-busted-a-network-of-fake-crypto-exchanges-16569/