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Ukrainian Police Officers Allegedly Kidnapped Crypto Entrepreneurs to Extort Millions

DE
Decrypt Editorial
(11:59 AM UTC)
1 min read
JM
Updated byJames Mitchell

In brief

  • Former Ukrainian police officers allegedly kidnapped crypto entrepreneurs and extorted roughly $2.2 million through violence, intimidation, and fake debt claims.
  • Prosecutors say the group targeted at least four victims, using law enforcement tactics, official transport, and police impersonation to carry out the scheme.
  • The case comes amid a global rise in crypto "wrench attacks," where…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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