Aug 7, 2026, 2:04 p.m. 1 min readRussia's federal security agency said agents arrested a ring of criminals who stole money from citizens to fund Ukraine's war efforts. (Ivan Lapyri/Unsplash)SummaryRussia’s Federal Security Service said it detained more than 20 people in Moscow City accused of operating unregistered crypto exchange offices that funneled money stolen from Russian scam victims to Ukraine.Authorities said the alleged scheme used Ukrainian call centers to target Russians, including pensioners, instructing them to buy cryptocurrency at these offices and transfer it to accounts controlled by the suspects.The FSB said it shut down nine channels used to move funds abroad via crypto but did not identify the exchanges, the cryptocurrencies involved or the total sums stolen, nor did it provide evidence for its claims of Ukrainian coordination.Russia’s Federal Security Service (FSB) said Friday it detained more than 20 people it claims worked for unregistered crypto exchange offices used to move money stolen from Russian scam victims to Ukraine.The arrests took place at Moscow City, the capital’s high-rise business district, the security agency said. It also said that the FSB and the Interior Ministry had shut down nine channels used to transfer funds abroad through cryptocurrency.“Young people from the Russian regions who are looking for easy money are remotely recruited to work at these crypto exchanges despite having limited financial literacy,” the FSB said.Authorities explained that the ring it busted relied on call centers in Ukraine that targeted Russians remotely, including pensioners. Victims were allegedly kept on the phone and told in detail how to proceed before being sent to the crypto exchange offices to buy crypto and transfer it to accounts controlled by the alleged criminals.The agency did not identify the crypto exchanges or the cryptocurrencies used in the scams. It did not mention the amount of money stolen from Russian victims either. It also did not release evidence to support its claims that the operation was coordinated by Ukrainian call centers.Russia banned Ukrainian-founded cryptocurrency exchange WhiteBit in January as part of what authorities in Moscow described as increasing efforts to crack down on firms they believe are funding Ukraine’s war effort.12345678910Building the Zcash Machine: Tachyon and Quantum ReadinessBuilding the Zcash Machine: Tachyon and Quantum ReadinessZcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Jun 30, 2026Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.Why it matters:Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.View Full Report