So, picture this: Russia’s flirting with the idea of outlawing cash-to-crypto swaps, and suddenly some of their local crypto hangouts get a friendly visit from the boys in blue.
Mosca — yes, that slick crypto-to-cash spot right in the shiny Moscow International Business Center — got raided on April 23. The reason? Fraud. Not just any fraud, but one cooked up by a certain Dmitry Titarenko, who, funnily enough, is also Mosca’s head of development. Talk about multitasking. He spilled the beans to CryptoMoon, probably during a coffee break at the Blockchain Forum 2025, where everyone pretends they understand blockchain.
“Law enforcement popped in to play detective and check out our customer data,” Dmitry said with all the enthusiasm of someone describing a surprise fire drill.
This all came right after online rumors blew up about Mosca clients getting arrested for some heist involving a poor soul handing over a mega cash pile — we’re talking millions — to crypto thieves. Chill, right?
Cash-to-Crypto Ban: The Bold Plan to Stop the Baddies?
The very next day, Evgeny Masharov, a member of something called the Russian Civic Chamber (which sounds official, but honestly, who knows?), pitched a plan to ban crypto exchangers from accepting cash. His reasoning? Apparently, cash is the playground for fraudsters and those relentless phone scammers cashing out their crypto loot. Classic villains!
Local gossip channel Baza then linked Mosca’s unfortunate raid to a “record-breaking fraud” against Olga Serova, a 71-year-old ex-government advisor from Samara. Spoiler: Olga might have handed over a casual 421 million rubles (~$5.1 million) to some very persuasive scammers in late 2024. And by casual, we mean life-changing. At least seven people got cuffed in connection with this drama.
Mosca Clients Get to Play with $100k in Cash Daily—What Could Go Wrong?
Mosca allows their customers to fling up to 100,000 USDT (that’s roughly a $100k playground) through cash every day. Dmitry claims they don’t know if Olga’s little nightmare was tangled up in their raid. “Maybe it’s someone else’s mess,” he shrugged. Also worth noting: this was Mosca’s first scary office visit from the law in three months. So, yay?
They’re trying to look good too — beefing up Anti-Money Laundering and ‘Know Your Customer’ checks like it’s a hobby, complete with a blacklist of the usual shady suspects. Because nothing says “trustworthy” like a list called “suspicious users.”
All this went down right as Blockchain Life, the big crypto shindig, was coming back to Moscow for the first time since 2021. Mosca was basically the prom queen, snagging the “best crypto exchange service” award and hogging the center stage.
Sergey Mendeleev, a bigwig in the Russian crypto scene (and no, not the periodic table guy, sadly), dropped some gloomy thoughts at the event. If Russia goes ahead with this cash-to-crypto ban, he says, they might as well wave goodbye to crypto adoption altogether. Raids? Just part of the Moscow City vibe, apparently.
Oh, and just for kicks, there’s Garantex — another Moscow City crypto exchange — which paused trading after Tether slapped a $27 million freeze on their USDT stash thanks to sanctions. Because why not add a little extra spice to this crypto soap opera?
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2025-04-25 16:24