Home cryptocurency Fake Crypto Exchanges Discovered By Ukrainian Cyber Police

Fake Crypto Exchanges Discovered By Ukrainian Cyber Police


At least Six fake crypto exchanges websites has lured cryptocurrency traders with deceptive messages. The cybercrime combating unit of the Ukrainian police has discovered this network of fraudulent crypto trading websites.

Information gathered so far has revealed that Four people are suspected of offering the fake online exchange services. According to a press release issued by the National Police, a number of sites have been used to deceive and defraud unsuspecting citizens who wanted to trade their cryptos.

“The criminal group consisted of four people […] possessing specialized knowledge and skills in programming,” the NPU’s press service said. They had set up their own CMS-system to manage the websites’ content. The platforms imitated the activities of legitimate online cryptocurrency exchangers, supporting multicurrency conversion, and even displayed fictitious positive ratings and reviews.

The victims were invited to transfer their money to digital wallets registered with forged identification documents under false names of foreign citizens. After receiving some funds through a particular platform, the scammers would close it and open a new one, law enforcement officials explained.

So far the Ukrainian Cyber Police discovered this Six fake crypto site below,


Most have been taken down already, with one now redirecting to sites with pornographic content. Investigators believe there are more undiscovered websites and have asked the public to report suspicious platforms to rv@cybercrime.gov.ua.

The cyber criminals are all from the city of Dnepropetrovsk. Three of the suspects, aged between 20 and 26 years, have been implicated directly in the six established fraud schemes. The police have opened criminal proceedings against them under Section 3 of Article 190 (Fraud) of Ukraine’s Criminal Code.

What do you think should be done to stop fraudulent platforms and support legitimate exchanges? Drop your comments below


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