As the Russian government considers the ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have found police attacks.
Mosca, a crypto-to-cash exchange located at the Moscow International Business Center, was attacked on April 23 at Connection to fraud Through one of its customers, Dmitry Titarenko, head of Mosca’s development, has been confirmed to Cointelegraph.
“The law enforcement agencies have conducted a standard procedure of reviewing our customer data,” Titarenko told Cointelegraph at the local Crypto event blockchain event 2025.
The invasion of the Mosca office complied with online reports linking some arrests to some Mosca customers with a crypto robbery involving a victim who has been reported to provide scams of a massive cash deposit worth millions of dollars.
Cash-to-Crypto ban to protect investors?
The confirmed police attack of Mosca arrived the next day after Evgeny Masharov, a member of the Russian Civic Chamber, suggested Banning crypto exchangers from receiving cash from their customers to buy cryptocurrencies such as Tether USDT (USDT).
A potential ban on cash-to-crypto transactions would be a “massive blow to scams,” Masharov urged, adding that phone scammers “often use crypto exchanges for removing cash funds.”
Subsequently, the local baza news channel reported In the Mosca invasion, which links the event to a “record-breaking fraud” against Olga Serova, a former government advisor in the Samara region of Russia.
Serova, 71, was reported to have been victimized by scammers in late 2024, which released his bank accounts to Pass The scams are estimated to be a total of 421 million Russian rubles ($ 5.1 million). According to Baza, at least seven people were arrested, which is said to be related to the case.
Mosca clients can buy up to 100,000 USDT with cash day -day
Mosca, which allows investors to deposit up to 100,000 USDT ($ 100,000) day -day, does not know if Serova’s incident was connected to the attack of its office on Wednesday, Titarenko said.
“Maybe it’s another client,” he said, adding that the attack was the first attack on the office-related office in the Mosca in the last three months.
Titarenko also noted that Mosca is actively pouring anti-money laundering and knowing your customer checks, including maintaining a blacklist of suspicious users.
Related: Russia’s Central Bank, Ministry of Finance to launch Crypto Exchange
The raid caught Mosca at a major local event, Blockchain Life, who returned to Moscow for the first time since October 2021. The company was one of the main guests at the conference, taking two centers and won a title of “best crypto exchange services.”
According to Sergey Mendeleev, a well-known figure in the Russian Crypto community, the proposal to inhibit cash-to-crypto transactions is a stressful development for the community.
Speaking of the event, Mendeleev suggested that the Russian government could turn away from the crypto adoption if it was selected to approve such a ban.
He also noted that attacks are a common situation for crypto exchange services located at the Moscow International Business Center, also known as Moscow City.
Garantex, a crypto exchange that Stopped trading after Tether filed $ 27 million In the USDT due to penalties, it is also among the exchanges located in Moscow City.
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