Four individuals tied to a crypto theft and suspected face extortion crimes await a court ruling in Ukraine.
The National Police of Ukraine (NPU) has announced, through an official press release, that they are investigating a crypto theft. A group of individuals, operating under the guise of being police officers, deceived a business owner and stole 250,000 USDT.
Fake Officials Arrested
The Ukrainian cyber police, in collaboration with the State Police and Prosecutor’s Office, have successfully identified and detained four individuals allegedly involved in this crypto theft scheme.
During several searches, police seized evidence, including computer equipment, fake IDs, and mobile phones. They also found about 7,000 dollars in cash and over 63,000 hryvnias, the country’s local currency, totaling more than $8500. The suspects also had premium-class cars and ammunition in their possession.
The police tagged them suspects for extortion under Part 4 of Art. 189 of the Criminal Code of Ukraine. The court decides whether to keep the suspects in jail until the trial or release them on bail under house arrest. Whatever conclusion it makes will ensure the alleged criminals attend future court hearings.
How it All Began
In May, a 20-year-old online business owner was targeted by four criminals who posed as law enforcement officers. They falsely accused the business owner of cooperating with Russia and threatened him with treason charges and imprisonment. The scammers used intimidation and deception to extort money from the victim.
The criminals demanded the aforementioned amount to “settle the issue” and drop the fake charges. The victim, fearing the consequences, handed over the funds. The attackers quickly laundered the money through an exchange, attempting to cover their tracks.
The police were notified, and an investigation identified the four suspects. As mentioned, they are now facing charges for their roles in the fraud scheme. This case shows that crypto crimes are increasing, and it’s therefore essential for users to remain vigilant.
While the authorities can trace and punish such crimes, digital entrepreneurs and investors should protect themselves not only from online scams but also from in-person fraud.