The Ukrainian cyberpolice uncovered a group of scammers who created a network of fake online money changers, offering services of cryptocurrency exchange.

Four criminals aged from 20 to 26 years, who organized a worldwide network of fake crypto-exchangers, were detained by the Ukrainian police. All of them are residents of the Ukranian city of Dnepropetrovsk.

Their victims were crypto enthusiasts who whished to buy cryptocurrency. They were told to transfer money to electronic wallets, registered on forged documents of foreign citizens. After depositing funds, the attackers stopped communicating with buyers and closed fraudulent exchangers.

"The criminal group consisted of four people. Attackers, possessing special knowledge and skills in the field of programming, created their own CMS-system for managing the content of money changer sites. The created web resources mimicked the legal activities of web exchangers with multidirectional conversion of cryptocurrencies and received fictitious positive rating reviews," the Ukranian National Police said in a statement.

Ukrainian police conducted searches at detainees' residences, seized computer equipment, flash drives, bank cards and mobile phones. Three participants of the criminal group are facing charges of six episodes of fraudulent activity.

The police is aware of at least six fraudulent crypto exchangers: moneycraft.info, wowex.online, swapex.net, myexchanger.lv, iconvex.net, likechange.biz.