Ukraine together with Binance suppressed the activities of cyber fraudsters

Ukrainian law enforcement agencies, together with the Binance exchange, managed to uncover a large-scale scheme tomoney laundering.

As a result of cooperation between the Ukrainian cyber police and the exchanger, it was possible to arrest criminals involved in hacking for the purpose of extortion and laundering $42 million. 

According to the report, the criminal group has been laundering money since 2018. All suspects are citizens of Ukraine. 

According to representatives of the exchange, the criminals mainly worked in Ukraine. However, they have been involved in several international cyber attacks. 

Along with Ukraine, Binance processes requestslaw enforcement officers and other jurisdictions. In 2019, Binance was already conducting a joint investigation in the UK. Then the police managed to suppress the activities of fraudsters, which led to losses of $ 51 million.

Recall that last month, the cyber police of Ukraine "closed" the site for the exchange of cryptocurrencies and some electronic currencies banned in the country.

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Based on materialscointelegraph.com