Russia's FSB Arrests 20 in Crackdown on Unlicensed Crypto Exchange Ring

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Russia's Federal Security Service (FSB) has arrested at least 20 individuals suspected of operating unlicensed cryptocurrency exchanges. Authorities allege the ring defrauded an undetermined number of Russian citizens. The FSB claims the operation had links to Ukraine. No further details have been disclosed regarding the scale of financial losses or the identities of those arrested.

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