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FBI, Ukrainian Authorities Shut Down Sprawling Crypto Laundering Operation

Ukrainian police and the FBI seized nine cryptocurrency exchange sites associated with money laundering. So reports Bleeping Computer.

The operation was jointly conducted by the Virtual Currency Response Team and the National Police of Ukraine. The seized sites helped users anonymously convert crypto assets into “harder-to-trace coins” in an effort to obscure the origin of ransomware funds. This helped cybercriminals “launder their pilfers without being traced by law enforcement.”

Read the full article from Bleeping Computer.

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