The organizer of the Money 24/7 fraud network has been served with a notice of suspicion, the Prosecutor General’s Office said on Monday, UNN writes.
Under the procedural guidance of the Prosecutor General’s Office, the organizer of a fraudulent scheme has been served with a notice of suspicion and arrested. Law enforcement officers exposed the scheme during a large-scale special operation in July 2026. According to the investigation, the suspect, together with other individuals, organized the operation of the pseudo-financial platform Money 24/7, which presented itself as a network of exchange offices and a crypto-asset exchange service
According to the prosecutor’s office, "web resources, a Telegram account, a trademark, and an office equipped as a cash-receiving point were used to create the appearance of legitimate operations."
As stated, clients handed over funds to exchange them for cryptocurrency; however, after receiving the money, the scheme’s participants failed to fulfill their obligations. In order to maintain trust and delay appeals to law enforcement, they partially transferred crypto-assets to some victims and provided written guarantees, the prosecutor’s office said.
According to the investigation, one of the victims suffered losses of more than UAH 1.59 million.
