Russia cracks down on unlicensed crypto exchanges it claims are linked to Ukraine

CryptoInfo Editorial Team · Published on August 07, 2026 at 14:04 · Updated on August 07, 2026 · 1 min read

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Key Takeaways

→Russia has cracked down on unlicensed crypto exchanges linked to Ukraine
→At least 20 individuals were arrested in connection with a scam ring
→The scam ring targeted Russian citizens

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Russia has taken action against unlicensed cryptocurrency exchanges that it alleges have ties to Ukraine. This move is part of a broader effort to regulate and oversee the crypto space within its borders.

According to reporting from CoinDesk, the FSB has stated that at least 20 individuals were arrested in connection with a ring that scammed an undetermined number of Russian citizens. The specifics of the scam, including the number of victims and the total amount of funds involved, have not been disclosed.

Source: CoinDesk ↗