Crypto Exchange Raided Under Suspicion Of Fronting As A Money-laundering Gang

Rachael Davies, ReadWriteWeb
Tue, 08/20/2024 - 2:12am

Russian and Belarusian security have made 60 arrests in a raid on a crypto exchange believed to be a front for a money-laundering gang. State-run news agency TASS reported that about 60 people were detained, with officers stating that the “international criminal group” had “stolen money under the pretext of offering crypto trading.” Allegedly, the group also pretended to sell “commodities and foreign exchange currencies.” Russian Ministry of Internal Affairs official Irina Volk said that detectives believe the allegedly fraudulent crypto exchange had stolen money from citizens of both Russia and Belarus.

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Crypto Exchange Raided Under Suspicion Of Fronting As A Money-laundering Gang

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