Four Busted for Running Fake Crypto Exchanges: Ukraine

Four Busted for Running Fake Crypto Exchanges: Ukraine
Jun 22, 2018 02:14 PM By: Ben Noble | 7688 Views

Ukrainian police have seized a group of four men suspected of running six fake cryptocurrency exchanges; Bleeping Computer listed June 21.

Four men between ages 20 and 26 allegedly launched at least six digital currency exchanges, where they lay users, consequently stealing money from them. The alleged accused lured users by promoting the markets with fake favorable ratings and online reviews. The police statement said that the suspects had "special knowledge and skills in the area of programming" and "have created their CMS-system for managing the content of exchange sites."

During the capture of the defendants’ homes, the police reportedly seized computers, flash drives, smartphones, and other devices. According to a spokesperson for the Ukrainian National Police, “the list of sites is not complete.” Now police are asking users to provide knowledge about whether they were misled by fraudulent exchanges before.

Yesterday, the U.S. Securities and Exchange Commission got an additional emergency government order to freeze the assets of Dominic Lacroix, master of PlexCorps. Lacroix and his partner, Sabrina Paradis-Royer, were involved of violating securities law in respect to the PlexCoin initial coin offering (ICO) accompanied by PlexCorps in August last year. The ICO reportedly proposed $15 million from “thousands of investors.”

#Crypto Exchanges #Fake Crypto Exchanges #Ukraine #Ukrainian police

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