Russia’s FSB raids Moscow City crypto exchanges, saying they were used to funnel stolen money to Ukraine. Some detainees believed they were working for the FSB.

Russia’s Federal Security Service (FSB) detained more than 20 people who worked at crypto exchange offices in the Moscow City business complex, saying the exchanges were illegal and that fraudulent call centers in Ukraine used them to move money stolen from Russians out of the country.

The FSB claimed Ukraine-based scam call centers used gray-market exchange offices in Moscow City to convert stolen cash into cryptocurrency and funnel it out of Russia.