Law enforcement agencies in the Khmelnytskyi region have uncovered a large-scale fraudulent cryptocurrency scheme, with victims including investors from Ukraine, European countries, and the Middle East. According to the investigation, the organizers created their own fake cryptocurrency, which they actively promoted through specially created communities on Telegram.
This is reported by Business • Media
Details of the Fraudulent Scheme Organization
Four residents of the region attracted users by deceiving them with demonstrations of fictitious profits and a luxurious lifestyle. Investors were encouraged to purchase tokens, after which they lost the ability to control their assets. The perpetrators laundered the funds obtained through anonymous services and cashed them out.
“Four residents of the Khmelnytskyi region created a fake cryptocurrency and advertised it on Telegram.”
Searches and Evidence Seizures
During investigative actions in Khmelnytskyi and Kyiv, law enforcement seized computer equipment, cold wallets, handwritten notes confirming illegal activities, as well as luxury cars. Currently, five victims from Ukraine have been identified.
The organizer and three participants have been notified of suspicion under Part 4 of Article 190 and Part 3 of Article 362 of the Criminal Code of Ukraine. The sanctions of these articles provide for a maximum penalty of up to eight years of imprisonment.
It is worth noting that in July 2025, an international cryptocurrency-related fraud scheme was also uncovered in Ukraine.