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Automatically translated version. May contain inaccuracies compared to the original.
The organizer of the fraudulent network Money 24/7 has been notified of suspicion
Under the procedural supervision of the Office of the Prosecutor General, the organizer of a fraud scheme, whose activities law enforcement uncovered during a large-scale special operation in July 2026, has been notified of suspicion and arrested.
According to the investigation, the suspect, together with others, organized the operation of a pseudo‑financial platform Money 24/7, which presented itself as a network of exchange offices and a crypto asset exchange service.
To create the appearance of legitimate activity they used websites, a Telegram account, a trademark, and an office set up as a cash intake point.
Clients handed over funds to exchange for cryptocurrency, but after receiving the money the scheme’s participants did not fulfill their obligations. For certain victims they partially transferred crypto assets and provided written guarantees to maintain trust and delay reporting to law enforcement.
According to the investigation, one victim suffered losses of over 1,59 million UAH.
Recall that in July 2026 Prosecutor General Ruslan Kravchenko reported the exposure of Money 24/7. At that time law enforcement carried out over 20 searches in seven regions of Ukraine and seized more than 20 million UAH in cash in various currencies, as well as documents, equipment, phones, data carriers, and other physical evidence.
All participants in the scheme, victims, and other circumstances of the criminal offense are being established.
Pursuant to Article 62 of the Constitution of Ukraine, a person is presumed innocent until their guilt is proven by a guilty verdict of a court.
