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Ukraine arrests four in crypto scam that took €4.3 million

2 sources · 2 articlesFirst reported Updated ()
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First merged summary.

Merged summary · x-ai/grok-4.7 · rewritten as coverage arrivesSummaries by Vani AI

Ukrainian police arrested four people accused of running call-center crypto scams that stole more than €4.3 million from 135 German victims.

Ukraine’s Cyber Police, working with German authorities, dismantled a network that used call centers and messaging apps to lure people into fake cryptocurrency investments. Investigators say the suspects used social engineering, including romance baiting and pig-butchering, and in some cases accessed victims’ bank accounts. Both outlets put the loss at €4.3 million, or more than that, from 135 identified German victims; proceeds were moved through exchanges and wallets. Four suspects, including the alleged leader, were detained. Raids in August and September covered more than 50 properties and seized wallets, phones, SIMs, cash, and about $90,000. Prison terms of up to 12 years are possible. The Record says the case follows new anti-scam-call-center legislation and alleges corruption in Ukrainian law enforcement.

Key facts
  • 135 German victims lost €4.3 million, or more, according to both outlets.
  • Four suspects, including the alleged leader, were arrested.
  • Raids in August and September hit more than 50 properties.
  • Seizures included wallets, phones, SIMs, cash, and about $90,000.
  • Suspects used romance baiting, pig butchering, and sometimes bank-account access.
  • Possible sentences reach 12 years, BleepingComputer reports.
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What each outlet adds

beyond the shared facts
  • BleepingComputerGerman police role, scam methods, bank access, $90,000 seized, and 12-year sentences.
  • The RecordAugust–September raids of 50-plus sites, new law, and alleged police corruption.
Victims
German citizensGerman victims
Organizations
Ukrainian cyber police
Countries
UkraineGermany

Coverage

oldest first · one row per article · UTC
  1. · 5h ago BleepingComputerFirst report

    Ukraine dismantles €4.3M crypto scam network

    Ukrainian police arrested four suspects in investment scam network stealing €4.3M from 135 victims across EU.

  2. · 1h ago The Record

    Ukrainian police arrest four in €4.3 million crypto scam

    Ukrainian authorities arrest four suspects running fraudulent call centers that stole over €4.3 million from 135 German victims.