According to a November 6 announcement by the Cyber Police Department of Ukraine’s National Police, Ukrainian and German law enforcement agencies jointly dismantled a cross-border investment fraud ring. The group operated multiple scam call centers in Ukraine, posing as brokers and financial advisers to persuade victims to invest in assets such as cryptocurrency and stocks through fake trading platforms. At least 135 German citizens lost more than €4.3 million. The suspects also instructed victims to open accounts on cryptocurrency exchanges and transfer funds to wallets under their control, then laundered the money through multiple exchanges and intermediary wallets. Police carried out two rounds of operations between August and September, searching a total of 56 locations and seizing evidence including more than $90,000 in cash and hardware cryptocurrency wallets.