Ukrainian security services (SBU) have announced the dismantling of a Kyiv-based criminal ring accused of stealing funds from citizens across the European Union via cryptocurrency schemes. The group allegedly drained wallets, with monthly turnover from illicit gains peaking at around $1 million. Details regarding the precise methods used in the scheme remain limited, but authorities indicate a sophisticated operation was underway. The SBU reports successfully disrupting the ring’s activities and recovering stolen assets, though the total amount recovered has not yet been disclosed. This bust highlights the growing threat of cryptocurrency-related crime originating within Ukraine and its impact on citizens abroad. Investigations are ongoing to identify all individuals involved and determine the full extent of the financial damage. The operation demonstrates Ukraine’s commitment to combating cybercrime, despite ongoing conflict.