Cryptorank Istanbul and Ukraine Crack Down on Cyber Fraud and Phishing Rings
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- •Istanbul police arrested 348 suspects in cyber fraud operations this year.
- •Ukrainian authorities shut down a phishing ring affecting over 20 countries.
- •Both operations involved significant asset seizures linked to criminal activities.
Istanbul police intensified their fight against cyber fraud and illegal betting, conducting 22 operations in 2026, resulting in 348 arrests. Authorities seized assets worth TL 4 billion ($82.8 million) linked to criminal activities. Concurrently, Ukrainian police dismantled a crypto phishing network that targeted victims in over 20 countries, arresting 46 suspects, including a 25-year-old IT specialist. The phishing scheme involved fake investment websites that accessed users' crypto wallets. Both operations highlight the ongoing battle against cybercrime in Europe and the use of advanced technology in investigations. The crackdown aims to reduce fraud risk and bolster the integrity of online financial systems.
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