According to TechFlow, Ukrainian police arrested a criminal gang suspected of extortion. The gang pretended to be law enforcement officers, threatened a young entrepreneur with fictitious charges, and extorted USDT equivalent to US$250,000.
According to a police statement, the four suspects have been detained by the Cyber Police and the National Police Internal Security Department and face up to 12 years in prison.
In May, the 20-year-old online business founder reported to the police that someone posing as a law enforcement officer was threatening him. The criminal gang accused the entrepreneur of working with Russia and threatened a long prison sentence for treason, claiming that they could "solve the problem" with $250,000. After the victim transferred the money out of fear, the criminals quickly moved the funds through cryptocurrency exchanges. The police tracked the flow of crypto assets to lock in the suspects and launched searches in Kiev and surrounding areas, seizing a large amount of evidence.