FBI, Ukraine seize 9 alternate domains on cash laundering allegations

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9 digital forex exchanges allegedly aiding and abetting cybercriminals had their domains seized by the US Federal Bureau of Investigation (FBI) and Ukrainian legislation enforcement.

Based on a Might 1 press launch, the FBI’s Detroit Area Workplace and the Nationwide Police of Ukraine “carried out coordinated, court-authorized exercise” that resulted within the shutdown and seizure of the domains of 9 digital forex alternate providers.

The seized domains included the web sites 24xbtc.com, 100btc.professional, pridechange.com, trust-exchange.org and bitcoin24.alternate. Every reportedly supplied fully nameless digital forex alternate providers to their customers, skirting lots of the guidelines and rules required of licensed crypto exchanges.

Anybody making an attempt to entry these web sites will see a seizure discover from the authorities.

The trust-exchange.org webpage following the motion. Supply: trust-exchange.org

The FBI famous the exchanges, which supplied providers in each English and Russian, featured “lax” anti-money laundering measures and picked up minimal KYC data or “none in any respect.”

The Bureau claimed these sorts of rogue, unlicenced exchanges “function essential hubs within the cybercrime ecosystem.”

Based on the company, many of those digital forex exchanges have been “marketed on on-line boards devoted to discussing prison exercise.”

“A lot of the prison exercise occurring on the affected exchanges concerned cyber actors answerable for ransomware, but additionally different scammers, and cybercriminals.”

The FBI has been concerned in quite a lot of cryptocurrency-related points over the previous few months.

Associated: CFTC wins report $3.4B penalty fee in Bitcoin-related fraud case

On April 27, the FBI carried out a search of former FTX government Ryan Salame’s dwelling in relation to his function as certainly one of Sam Bankman-Fried’s former high advisors.

On Feb. 3, the FBI seized 86.5 Ether (ETH) and two nonfungible tokens (NFTs) value greater than $100,000 from a reported phishing scammer. The seizure was the results of a prolonged investigation by unbiased blockchain sleuth ZachXBT, who first uncovered the exercise on Twitter in Sept. 2022.

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