News with the tag "extortion"

A rise in ransomware, kidnappings and extortion shows the growing risks faced by crypto traders and investors as the sector expands.

A Ukrainian man reportedly lost $500,000 worth of USDT after being set up for a robbery in a Thailand hotel room. The Bangkok Post reports that Viacheslav Leibov, 23, told Thailand police a friend of his invited him to visit a hotel room in Phuket when criminals wearing masks accosted him. The crimi...

Thai Police USDT Extortion Case: Overview of a High-Stakes Cryptocurrency Crime In a shocking revelation, Thai police officers are under investigation for allegedly extorting a Chinese national out of a staggering 10 million USDT. Authorities have arrested seven police officers and one civilian afte...

Thai law enforcement has reportedly arrested seven police officers and one civilian accused of staging a false domestic search that involved the attempted extortion of 10 million USDT from a victim. Local publication QQ reports that the group targeted a Chinese national by swarming his residence and...

“Police are inevitably corrupted.” A quote from Frank Herbert’s novel God Emperor of Dune may hold true in the case of a group of cops in Thailand who allegedly prey on foreign nationals to extort money. A Chinese-Vanuatu expat who filed a complaint at Thailand’s law enforcement agency said that the...

The US Homeland Security Investigations (HIS) Cyber Crimes Center reported it disrupted hundreds of ransom attacks since its formation in 2021.

Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying ‘active duty’ law e...

Maryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The p...

A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company. Rhyne, a former core infrastructure engineer for the company, allegedly sent an extortion email on Nov. 25, 2023, claiming to have locked out or deleted the company’s IT ad...

A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in Cincinnati, Ohio, on charges of conspiracy to commi...