Since January 2020, the Ukrainian cyber police began cooperating with one of the world’s largest cryptocurrency exchanges, Binance. The fact is that exchange experts often detect transactions that potentially are related to financial crimes and fraud, and in order to find and punish those responsible, they need the help of law enforcement agencies.
For this, the Binance leadership created the Bulletproof Exchanger project, which should help identify malicious activity in the cryptocurrency ecosystem, as well as help track down the attackers behind it. In the framework of the project, the exchange cooperates with TRM Labs specialists.
“Hence on cryptocurrency market conducted large number of operations with money that were earned in hacker’s attacks on the international companies, spread of malware, stealing money from back accounts of foreign companies and citizens, cooperation of Ukrainian cyber police department with Binance company and its help may assist in detainment of persons, involved in such crimes”, – said head of the Ukrainian cyber police Oleksandr Grinchak.
The Bulletproof Exchanger project is already demonstrated its effectiveness. This week, the cyber police of Ukraine, together with the General Investigation Department and Binance specialists, announced the disclosure and arrest of a criminal group, three members of which operated 20 darknet exchangers and provided services for legalizing and cashing out illegally obtained money.
During 2018-2019, these people made financial transactions worth 42 million dollars. In particular, they laundered money obtained through hacker attacks on international companies and spread of malware, as well as funds stolen from bank accounts of foreign companies and citizens.
Law enforcers conducted searches, as a result of which were seized: computer equipment, weapons, ammunition and money worth more than $200,000. It is reported that during a preliminary examination of the seized equipment, the police found digital evidence of the criminal activities of the detainees.
Currently, the pre-trial investigation continues within the framework of the initiated criminal proceedings. Three defendants face up to eight years in prison for their crimes.
Let me remind you that I also talked about the fact that representatives of the French cyber police believe that in Ukraine hide LockerGoga ransomware developers.