Security News > 2021 > August > Ukraine shuts down money laundering cryptocurrency exchanges
The Security Service of Ukraine took down a network of cryptocurrency exchanges used to anonymize transactions since the beginning of 2021.
"The clandestine cryptocurrency exchanges were in demand because they provided anonymity of transactions and possibility of money laundering," the SBU said.
Seals and incorporation documents of dummy companies, registered in Ukraine and used for money laundering activities;.
"Among the clients of cryptocurrency exchanges network were organizers of mass protests on the eve of the Independence Day of Ukraine," the SBU added.
The electricity company denied the SBU's claims of multimillion-dollar electricity theft and of being involved in any way in clandestine cryptocurrency mining.
SBU sources told Delo that the crypto mining farm was actually a bot farm designed to mine in-game currency and buy loot boxes for the FIFA Ultimate Team game mode.