TechFlow News — Ukrainian police have arrested a criminal gang suspected of extortion, after the group impersonated law enforcement officers and threatened a young entrepreneur with fabricated charges in an attempt to extort 250,000 USD worth of USDT.
According to a police statement, four suspects have been detained by cyber police and the Internal Security Department of the National Police, and now face up to 12 years in prison.
In May, the 20-year-old founder of an online business reported to authorities that he had been threatened by individuals impersonating law enforcement. The criminal gang accused the entrepreneur of collaborating with Russia and threatened him with a lengthy prison sentence on charges of treason, claiming the issue could be "resolved" with a payment of 250,000 USD. After the victim, fearing for his safety, transferred the funds, the criminals quickly laundered the money through cryptocurrency exchanges. Police tracked the flow of digital assets to identify the suspects and conducted searches in Kyiv and surrounding areas, seizing substantial evidence.
