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MarketScamsUkraine
Sep 3, 2026
< 1min read
byIkemefula Aruogu
forCoinEdition
<img src="https://xpertsstudio.com/wp-content/uploads/2026/09/Taiwanese-Prosecutors-Arrest-JPEX-Taiwan-Office-Head-For-Fraud.jpg" alt="Ukraine Shuts Down Crypto Phishing Ring Operating Across 20+ Countries” loading=”lazy”>
Ukrainian police and the Security Service shut down a crypto phishing network that used fake investment websites to steal from victims across more than 20 countries by accessing users’ wallets. Authorities arrested over 46 suspects led by a 25-year-old IT specialist, who face up to 12 years in prison and asset confiscation, a security crackdown that could reduce fraud risk and support crypto adoption.
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- Ukrainian police have clamped down on a fake crypto investment network in the region.
- IT experts created and maintained a phishing website targeting victims across Europe.
- Arrested suspects face up to 12 years in prison, with their properties confiscated.
Cyber specialists from the National Police of Ukraine have shut down a network of fake investment platforms that have orchestrated cryptocurrency theft across more than 20 countries. In an official announcement, the Ukrainian police stated that fraudsters created fake websites disguised as investment platforms and lured victims into a trap that enabled them to access their crypto wallets.
What the Ukrainian Police Discovered
The police, working alongside the Security Service of Ukraine, said the scheme’s organizers comprised more than 46 Ukrainian citizens led by a 25-year-old IT specialist from Kyiv. The gro…
Source: cryptorank.io