Milliard schemes: in Ukraine covered a giant converter center with crypto

The Office of the Prosecutor General of Ukraine together with the Bureau of Economic Security stopped the activities of a large criminal organization that organized a large-scale “conversion center” for the withdrawal of funds using cryptocurrency. This was reported by the press service of the Ukrainian supervisory authority.

“Under the procedural guidance of prosecutors of the Office of the Prosecutor General, the BEB detectives exposed the “conversion center”, through which about UAH 500 million passed monthly,” the official statement said.

According to the investigation, huge sums were regularly pumped through the shadow scheme. The total volume of financial transactions amounted to 23.5 billion hryvnias (44.4 billion rubles), and the predetermined amount of tax evasion is about 3 billion hryvnias.

During 50 searches, law enforcement officers seized millions of dollars of cash. The participants of the shadow scheme have already been officially reported on suspicion, and the department promised to publish details later.