In Sumy, law enforcement officers uncovered and detained a 23-year-old man from the Kyiv region who organized a large-scale fraudulent scheme involving a fictitious cryptocurrency exchange. According to preliminary data, his actions caused losses exceeding 7.6 million hryvnias (equivalent to approximately $183,000).
This is reported by Finway
Fraud Scheme: How the Criminals Operated
According to the Cyber Police Department of the National Police of Ukraine, the detainee gained administrative rights to the fake cryptocurrency trading platform. He misled investors by deliberately manipulating their account balances to create the illusion of real fund movement and the purchase of digital assets.
In particular, the fraudster deceived a resident of Sumy by convincing him to register on the counterfeit exchange and transfer $60,000 supposedly for the purchase of bitcoins. Subsequently, he contacted the victim again and offered to buy another 1 BTC for $100,000.
Detention and Further Actions by the Police
“Law enforcement officers detained him during the transfer of funds, seizing a mobile phone and a Lexus car in the process.”
The detainee now faces up to 15 years in prison with asset confiscation, which is the penalty for fraud in particularly large amounts according to current Ukrainian legislation.
Earlier, a hacker was detained in Zaporizhzhia, suspected of hacking international companies and illegal cryptocurrency mining.