The operation was jointly conducted by the Virtual Currency Response Team and the National Police of Ukraine. The seized sites helped users anonymously convert crypto assets into “harder-to-trace coins” in an effort to obscure the origin of ransomware funds. This helped cybercriminals “launder their pilfers without being traced by law enforcement.”
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FBI, Ukrainian Authorities Shut Down Sprawling Crypto Laundering Operation
Ukrainian police and the FBI seized nine cryptocurrency exchange sites associated with money laundering. So reports Bleeping Computer.
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