Ukrainian Security Service Strikes Down Illegal Crypto Exchanges

Ukraine's Security Service has successfully dismantled a significant underground network that was carrying out unauthorized financial transfers between Russia and Ukraine, making use of banned Russian payment systems and digital currencies.

Active in four regions, these secretive hubs were handling over $1 million each month. Platforms like Yumoney, Webmoney, and various cryptocurrencies were employed to change Russian rubles into digital currencies and subsequently into Ukrainian hryvnia. The primary customer base was made up of hackers and companies participating in under-the-table transactions with Russia.