According to BlockBeats, on September 25, according to Cryptonews, the Moscow police raided and closed a “cross-border” cryptocurrency trading platform disguised as a travel agency. According to the Russian Ministry of Internal Affairs, the platform is suspected of assisting customers to transfer funds abroad, with a transaction volume of approximately US$2.2 million. The police believe that the platform has conducted “illegal banking activities” and charged a 1% commission to cash payment customers who want to transfer funds to overseas crypto wallets.

Russian Interior Ministry agents raided the platform’s office. According to disclosed photos, officials from the ministry were checking bundles of US dollars, receipts and computer equipment. Police said their investigation is still ongoing and they are trying to find more “accomplices.”

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