The organizer of the Cash 24/7 fraud network has been served with a notice of suspicion, the Prosecutor General’s Office mentioned on Monday, UNN writes.
Underneath the procedural steering of the Prosecutor Common’s Workplace, the organizer of a fraudulent scheme has been served with a notice of suspicion and arrested. Regulation enforcement officers uncovered the scheme throughout a large-scale particular operation in July 2026. In response to the investigation, the suspect, collectively with different people, organized the operation of the pseudo-financial platform Cash 24/7, which introduced itself as a network of exchange places of work and a crypto-asset exchange service
In response to the prosecutor’s workplace, “net assets, a Telegram account, a trademark, and an workplace geared up as a cash-receiving level have been used to create the looks of authentic operations.”
As said, purchasers handed over funds to exchange them for cryptocurrency; nonetheless, after receiving the cash, the scheme’s individuals failed to satisfy their obligations. With the intention to preserve belief and delay appeals to legislation enforcement, they partially transferred crypto-assets to some victims and offered written ensures, the prosecutor’s workplace mentioned.
In response to the investigation, one of the victims suffered losses of greater than UAH 1.59 million.
In July 2026, Prosecutor Common Ruslan Kravchenko reported that the actions of Cash 24/7 had been uncovered. On the time, legislation enforcement officers carried out greater than 20 searches in seven areas of Ukraine and seized greater than UAH 20 million in money in varied currencies, in addition to paperwork, tools, telephones, knowledge storage gadgets, and different materials proof.
All individuals within the scheme, victims, and different circumstances of the prison offense are being recognized, the PGO mentioned.
