Ukrainian former police officers kidnapped a crypto entrepreneur and extorted $2.2 million, investigation into the involved gang concluded

Odaily Planet Daily News A group of former police officers in Ukraine is suspected of kidnapping a cryptocurrency entrepreneur and extorting approximately $2.2 million through violence, intimidation, and fabricated debts.

Prosecutors stated that the gang targeted at least four victims and used methods such as their law enforcement experience, official vehicles, and impersonating police officers. The Kyiv Regional Prosecutor's Office said 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 above case.

Reports indicate that this case comes amidst a global rise in "wrench attacks" (using violent coercion to obtain digital assets) targeting cryptocurrency holders. (Decrypt)