Ukrainian Enforcement Agencies Caught Crypto Criminal Network Red-Handed
A network of crypto and cyber-criminals was caught red-handed by the Ukrainian enforcement agencies which were trying to sell the software used for stealing somebody’s Bitcoin asssets. The busted network was involved illegal activities of money laundering, hacking and stealing digital assets. The network was very actively linked with the Darknet and rendering illegal services to the notorious market.
These days Ukraine is regarded as the stronghold of digital assets, yet it is also breeding crypto cyber-criminals as well.
A group consisting of cyber-criminals involved in crypto related crimes has been identified by the Ukrainian law enforcement agencies. According to the agencies, they have caught the criminals when they were carrying out their illegal activities. Police told the press that when they arrested the individuals, they were trying to sell a malicious software. The software is used to steal Bitcoin assets belonging to the victims.
The operation was led by the Security Service of Ukraine which is commonly recognized by the name “SBU”. SBU claimed that they had caught the wanted cyber-criminals’ gang. The gang was actively involved in stealing digital assets from their owners. In addition, they had whitened the laundered money on behalf of the market known as “Darknet” many times.
Police was also of the view that the suspects operated as one unit. Creating fake and unauthorized identities for the purposes of launching fraudulent schemes involving digital assets. They were being watched by SBU for many months while the investigators at SBU were collecting evidence against them. The investigators at SBU identified that the network were transferring funds by utilizing the services of several financial services. However, the financial service providers were not aware that they were dealing with hackers who have become their accounts. In fact, these were the same hackers, who were targeting financial institutions for their nefarious criminal schemes and activities. Their operations were not limited to Ukraine but also spread over multiple states and their financial institutions, claimed SBU.
SBU also revealed in the press statement that for the successful operation against the criminals, they were aided by agencies in the US. Manpower support was provided by the national police of Ukraine as well as by the Office of Prosecutor General. Because of search/arrest warrants issued by the Office of Prosecutor General, SBU was able to apprehend the gang wanted in many countries.
While making the arrests of the criminals, SBU also took into custody several items and personal belongings. These items included mobile devices, laptops, tabs, gadgets and other items of technology etc. In the meantime, SBU has provided information and evidence collected to the concerned authorities for conducting of proper proceedings. It is likely that the law would take its course against criminals and foreign individuals, who were clients of arrested individuals.
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Text source: Coinfrog
