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Crypto Regulation

Ukraine busts Kyiv crypto drainer ring moving up to $1M monthly

Ukrainian authorities have dismantled a Kyiv-based cybercrime ring that used fake Telegram investment ads to lure EU victims to a lookalike exchange, draining wallets of up to $1 million monthly. The operation funneled victims through fraudulent ads into a counterfeit platform that emptied their funds. Details on arrests and charges were not disclosed.

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