Ukraine’s state security shuts down illegal crypto exchanges

Cointelegraph

Published Aug 13, 2021 06:36AM ET

Updated Aug 13, 2021 08:20AM ET

Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021.

According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover of $1.1 million in funds linked to criminal activity.

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