Six Fake Exchanges Run By four Ukranians : Arrested

Cryptocurrency market has a solid base. Investors of Cryptos are increasing day by day. And similarly fraud and hacking practices are also increasing which is totally unethical.

The Same fraud was being done by four Ukrainians. Police arrested all those fraudsters. All of them are aged between 20 and 26.

Image is used for representative purpose only

These fraudsters built six fake exchanges to steal money of innocent investors. According to the Police, this list is incomplete. I have provided the list below.

moneycraft.info
wowex.online
swapex.net
myexchanger.lv
iconvex.net
likechange.biz

All these domains are expired now.

According to the Police, the suspects had "special knowledge and skills in the field of programming" and "have created their own CMS-system for managing the content of exchange sites." Authorities are contacting users to get information about fraud.

Fraudsters promoted their exchanges using fake reviews among the users.

This headline came amid the leading South Korean exchange Bithumb hack.