Law enforcers announced the suspicion of 44-year-old resident of Nikolaev region, who is accused of crypto fraud and legalization of funds obtained by criminal means. About it reports the Main Department of the National police in the Zhytomyr region and the press service of the Zhytomyr regional Prosecutor’s office.

According to the investigation, in 2022 the figure met with the victim resident of Zhytomyr region through the messenger Telegram. The men communicated online on the topics of investment and circulation of virtual assets, and the accused positioned himself as an expert in the field of cryptocurrencies.

In the summer of 2024, the latter offered the Zhytomyr resident to transfer assets from the Binance exchange to the Trust Wallet cryptocurrency wallet using a special code [probably the address of the wallet].

The man, trusting the acquaintance, entered the received combination of symbols into his account, after which he transferred more than 25.58 million NOT (more than $355,000 at that time) to the wallet of the accused. Some of the funds were subsequently cashed out after being transferred between wallets on international exchanges. The total losses of the victim are estimated at over UAH 14.6 million.

The defendant is suspected under part 5 of article 190 (fraud on a large scale) and part 2 of article 209 (legalization of property obtained by criminal means) of the Criminal Code of Ukraine.

He faces up to 12 years of imprisonment with confiscation of property.

Earlier we reported that a pseudo-trader from Odessa will answer in court for crypto fraud worth UAH 42m.