International
Russia Opens Criminal Case Against Cryptex, UAPS Payment System Creators
Russian authorities have launched a criminal case against the founders of Cryptex and the Universal Anonymous Payment System (UAPS), alleging that the group generated illicit earnings exceeding 3.7 billion rubles (around $40 million). The investigation, led by Moscow’s Investigative Committee, focuses on illegal banking activities and unauthorized access to protected information. This action comes shortly after the U.S. Treasury imposed sanctions on Cryptex, which has been linked to money laundering for cybercriminals and ransomware operations(CryptoNews).
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