Author: Gan Jia Ci
The Ukrainian police recently arrested four suspects accused of operating six fake cryptocurrency exchanges. Aged between 20 and 26, the four of them were arrested last week in Dnipro.
The four suspects allegedly started at least six cryptocurrency exchanges and scammed users, stealing money from them. They deceived the users by using bogus positive reviews to promote their platforms.
According to Bleeping Computer, the police stated that the four possessed “special knowledge and skills in the field of programming” and “have created their own CMS-system for managing the content of exchange sites”.
The police raided the culprits’ homes and confiscated computers, flash drives, smartphones and other gadgets. According to the police, they have tracked down at least six of the exchanges and all the domains are now expired, although some of them existed long enough to be indexed by the Wayback Machine portal.
The list of fake exchanges are as follows:
A representative from the Ukrainian National Police declared, “The list of sites is not complete.” The police speculates that the group were operating more sites and is employing help from victim users to file complaints against fraudulent exchanges that have scammed them before.
There is an ongoing investigation on the seized equipment to find out the total damage in value suffered by the users.