Fraudsters in Ukraine Extorted $250,000 in Cryptocurrency Posing as Police Officers

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Fraud Scheme
  2. Coordinated Raids in Kyiv
  3. Other Fraud Cases


    4. A group of fraudsters in Ukraine, posing as police officers, extorted $250,000 in USDT from a businessman by threatening false criminal charges.

    Fraud Scheme

    According to a press release from the National Police of Ukraine on September 2, a 20-year-old online business owner reported to authorities in May that he was coerced by men pretending to be police officers. The impostors intimidated him with false accusations of collaborating with Russia and threatened him with long-term imprisonment on fabricated charges of state treason. The extortionists offered to 'resolve' the fake case for $250,000, leading the victim to transfer the amount in USDT to their crypto wallet.

    Coordinated Raids in Kyiv

    A coordinated investigation by the Kyiv National Police and the Kyiv City Prosecutor’s Office identified four suspects residing in Kyiv and the surrounding region. During simultaneous raids on the suspects' homes, vehicles, and other assets, items seized included bank cards, computers, mobile phones, luxury vehicles, counterfeit press credentials, ammunition, and nearly $8,600 in cash. The suspects now face charges that could result in up to 12 years imprisonment and the confiscation of their property.

    Officers from the internal security unit and cyberpolice experts identified the extortionists, who turned out to have no connection to law enforcement agencies.National Police of Ukraine

    Other Fraud Cases

    In mid-August, the Economic Security Bureau of Ukraine charged a well-known Ukrainian blogger with evading over $5 million in taxes through a complex scheme involving cryptocurrency transactions. The blogger, known for his activities in web traffic arbitration and affiliate marketing, allegedly used a sophisticated operation to conceal substantial income from various online sectors, including gambling, dating, betting, and health products.

    Cases of cryptocurrency-related fraud in Ukraine are becoming increasingly sophisticated and widespread, highlighting the need for stricter control and security measures in this field.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.