Ukrainian former police officers kidnapped crypto entrepreneur, demanded $2.2 million in ransom; investigation into the involved gang has been completed

Odaily Planet Daily News A group of former police officers in Ukraine allegedly kidnapped a cryptocurrency entrepreneur and extorted approximately $2.2 million through violence, intimidation, and fabricated debts.

Prosecutors say the gang targeted at least four victims, using their law enforcement experience, official vehicles, and impersonation of police officers to carry out the crimes. The Kyiv Regional Prosecutor's Office stated that the pre-trial investigation has been completed and those involved include four former police officers and one civilian with a prior criminal record, but they have not yet been formally charged in connection with the case.

The report states that the case comes amid a rising number of "wrench attacks" (obtaining digital assets through violent coercion) targeting cryptocurrency holders worldwide. (Decrypt)