Ukraine destroys billion yuan cybercrime gang, seizes $3 million in cryptocurrency On April 16th, according to Cointelegraph, the Ukrainian National Police and internal security department jointly arrested a suspect suspected of participating in an international cybercrime gang in the Transcarpathian region. The gang is involved in over $100 million in fraud and money laundering cases targeting the United States and Europe, and has previously been listed as an international wanted target by the FBI. The suspect was arrested with forged identity documents and even forged death certificates to conceal their whereabouts. The gang deploys malicious software to steal personal and corporate data, and then extorts victims to pay ransom. Money laundering methods include purchasing real estate and using the name of relatives to conceal the flow of funds. The authorities seized approximately $11 million in assets, including cash, property, vehicles, and cryptocurrency worth around $3 million, and also arrested two accomplices. The suspect is facing charges of document forgery and money laundering.