Cryptocurrency fraudsters from Ukraine detained in connection with cooperation with Russia

The Kyiv City Prosecutor’s Office has launched an investigation into the illegal use of digital assets, with UAH 50 million and 830 kg of silver seized from the suspects already transferred to the Asset Recovery and Management Agency of Ukraine (ARMA).

According to the Office of the Prosecutor General of Ukraine, the Kyiv Prosecutor’s Office opened criminal proceedings due to the illegal actions of a group of people who used cryptocurrencies for criminal purposes. The criminals helped users from Russia and residents of the so-called L/DNR to convert fiat currency into cryptocurrency without paying taxes.

According to the information provided by law enforcement agencies, during the searches, the suspects' homes were seized with bank silver bars weighing over 830 kg and fiat currency (850,000 euros, 470,000 US dollars and 460,000 hryvnias), which were seized. Also seized were 6 land plots and 3 apartments belonging to the persons involved in the criminal proceedings.

As a reminder, while some criminals are helping Russians obtain digital assets, residents of Kherson are offering cryptocurrency for the killed occupiers. Thus, in early June, in the temporarily occupied Kherson, local residents posted instructions on how to destroy enemies, promising bitcoins for each killed orc.