Russian security halts secret crypto transfers
Russian authorities announced the dismantling of nine unlicensed channels for money transfer using cryptocurrencies in Moscow, and the arrest of over 20 individuals, in a joint operation between the Federal Security Service and the Ministry of Interior. The raids targeted illegal exchange offices that were converting cash obtained from fraud operations into cryptocurrencies to send abroad, with some offices reportedly handling operations worth up to two million dollars daily. Investigations indicate that some victims, including seniors and young people from various parts of Russia, were lured into buying cryptocurrencies and transferring them. Those involved and their employees face charges that could result in sentences of up to 10 years in prison. Authorities aim to determine the extent of the losses and compensate potential victims, while details about the offices or the digital wallets used have not been fully disclosed.
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