According to the Ukrainian Prosecutor General, Ukrainian law enforcement has cracked down on a crypto scam exchange network. The suspects allegedly operated through websites, Telegram, and offline exchange points, claiming to offer fiat and cryptocurrency exchange services. They collected cash from customers but failed to transfer the promised cryptocurrency or issue refunds, citing 'technical issues' as an excuse for indefinite delays. Law enforcement conducted over 20 searches across 7 regions in Ukraine, seizing cash worth over 20 million hryvnias (approximately $480,000). The individuals involved are now facing charges of fraud and other offenses. Local media reports suggest the network might be linked to Money 24/7, which has previously been investigated for unlicensed operations and withholding customer funds, with the total amount involved potentially reaching around $10 million. (LIGAnet) https://(wublock123.com)/news/ukraine-law-enforcement-busts-crypto-exchange-scam-1000m-loss-63925