According to TechFlow, Ukrainian police arrested a criminal gang posing as law enforcement officers. The gang threatened a young entrepreneur with fictitious charges and extorted USDT worth $250,000.
Four suspects have been detained and face up to 12 years in prison, according to a police statement.
In May this year, the 20-year-old entrepreneur reported to the police that someone posing as a law enforcement officer threatened him, accused him of cooperating with Russia, threatened him with a long prison sentence for treason, and demanded $250,000 to solve the problem. After the victim transferred the money, the criminals quickly moved the funds. The police tracked the flow of encrypted assets to lock in the suspects, and launched searches in Kiev and surrounding areas, seizing a large amount of evidence.