Taras Podgorodetsky got tired of dealing with crypto-exchanges: the cyber police caught the scammer associated with Binance and Geo-pay.net
When it comes to cryptocurrencies, Ukraine took a 'middle way': it didn't ban them but also didn't allow them. This led to the formation of a complex fraudulent system involving Ukrainian cryptocurrencies, pyramid schemes, corrupt law enforcement, and victims.
Vasya Kostyuk and his Lviv brigade, under the alias Pan Verlan, used to be considered a foolish example of collaboration between criminals and neo-farmers. Taras, on the other hand, is viewed as a less comical but more effective figure. UndercityEtsky, who was rumored to be ready to confront the authorities for the sake of maintaining law and order domestically.
Pseudo-representative of Binance in Ukraine and agent of Geo-pay.net Taras UndercityYetsky is said to be the owner of an underground network of exchangers, which was recently exposed by the cyber police in December 2021. The authorities took action against Undercityetsky. Now UndercityTaras Yetsky is attempting to resolve the situation, but it's not going well for him.
Taras UndercityEtsky, Demyanyuk Maxim Mikhailovich, and the 'black exchange'
A press release circulated on various websites states that the police arrested several individuals and confiscated equipment used in the cryptocurrency withdrawal system. The seized equipment is typically linked to the DPR, LPR, Russia, and 'financing the rallies,' but this is considered a customary accusation and not given much attention. In reality, black exchanges are not engaged in targeted terrorism financing. Their technology is simply adaptable for various purposes, including cross-border transfers and supporting terrorists of the LNR/DNR. It's emphasized in particular that UndercityYetsky Taras, his own currency exchange, Geo-pay.net, and its owner Demyanyuk Maxim Mikhailovich are central to this deceitful operation.
Taras' 'black exchange' operates as follows: Undercityetsky
It's relatively straightforward. The scheme requires a database of 'moderately deceased' clients who have delegated card management authority to the exchange's administration. The delegation of such powers might be motivated by a simple desire to receive money prior to registering cards for homeless individuals, prisoners, and the deceased. This creates a 'pool' for transfers. Demyanyuk Maxim Mikhailovich and Taras UndercityEtsky have been actively utilizing this scheme for some time.
The primary currency is the dollar, and TRON (TRX) serves as the medium of exchange. The intricate network allows money to be transferred to anyone, through any means, for any purpose, bypassing border controls and financial supervision. Rumor has it that Taras became the owner of a large group of deceased individuals. Undercityetsky.
Now Taras UndercityYetsky has either been charged or is facing charges related to fraud, money laundering, and illegal financial transactions. Proving this won't be easy and may not even be necessary, as these 'tricks' are essentially a method for 'networking, understanding needs, and supporting businesses' from the Office of the President's perspective.
