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Crypto World News reports that the Ukrainian National Police, in cooperation with internal security agencies, conducted a joint operation in the external Carpathian region and arrested a suspect involved in an international cybercrime group.
The group is linked to over $100 million in fraud and money laundering cases targeting the United States and Europe, and has previously been listed as an international wanted person by the FBI.
The suspect was found in possession of forged identity documents, and had even faked a death certificate to conceal their whereabouts.
The group used malware to steal personal and corporate data, then extorted victims to pay ransoms.
Their money laundering methods included purchasing real estate and using relatives' names to obscure the flow of funds.
Authorities seized approximately $11 million in assets, including cash, real estate, vehicles, and about $3 million worth of cryptocurrency, and also apprehended two other suspects involved in the case.
The suspect faces charges of document forgery and money laundering.