FBI, Ukraine seize 9 exchange domains on money laundering allegations

Nine digital forex exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau of Investigation (FBI) and Ukrainian regulation enforcement.

According to a May 1 press launch, the FBI’s Detroit Field Office and the National Police of Ukraine “conducted coordinated, court-authorized activity” that resulted within the shutdown and seizure of the domains of 9 digital forex exchange providers.

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

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

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

The Bureau claimed these sorts of rogue, unlicenced exchanges “serve as important hubs in the cybercrime ecosystem.”

According to the company, many of those digital forex exchanges had been (*9*)

“Much of the criminal activity occurring at the affected exchanges involved cyber actors responsible for ransomware, but also other scammers, and cybercriminals.”

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

Related: CFTC wins document $3.4B penalty fee in Bitcoin-related fraud case

On April 27, the FBI performed a search of former FTX govt Ryan Salame’s residence in relation to his position as certainly one of Sam Bankman-Fried’s former prime advisors.

On Feb. 3, the FBI seized 86.5 Ether (ETH) and two nonfungible tokens (NFTs) price 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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