According to ChainCatcher, eight Chinese nationals were forced to transfer approximately 50,000 USDT after a police raid on a rented villa in Kajang, Malaysia in February. Police claimed the suspects were involved in fraud and subsequently arrested 12 officers involved in the incident, removing them from active duty. However, the investigation remains stalled pending technical reports and digital forensics results. Lawyer Charles, representing the victims, stated that the investigation is proceeding too slowly with no updates since the officers’ arrest, warning of possible internal interference and threatening to file a complaint with Malaysia’s Anti-Corruption Commission if evidence of cover-up emerges.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
12 Malaysian Police Officers Robbed Chinese Citizens of $50,000 USDT in February; Investigation Stalled as of May 10
According to BlockBeats, 12 Malaysian police officers were arrested after allegedly robbing Chinese citizens of approximately $50,000 USDT during a raid on a rented villa in Kajang, Selangor in February 2026. The officers have been suspended pending investigation, which is awaiting cryptographic
GateNews1h ago
Singapore Former Navy Officer Steals 1.7M USDT, Sentenced to 6 Years 10 Months
According to ChainCatcher, Chong Rong Xuan, a 35-year-old former Singapore naval officer, was sentenced to 6 years and 10 months in prison for stealing 1.7 million USDT (approximately 2.3 million Singapore dollars) from an acquaintance. The former captain of the Naval Diving Unit admitted to
GateNews3h ago
Duke Lecturer Argues World Liberty Financial's WLFI Token May Be Unregistered Security on Friday
According to Lee Reiners, a lecturing fellow at Duke University and former Federal Reserve Bank of New York examiner, World Liberty Financial's WLFI token may constitute an unregistered security, based on analysis published on Friday, May 8. Citing the SEC's recent token taxonomy, Reiners argues
GateNews6h ago
CZ Faces Lobbying Opposition from U.S. Crypto Competitors Over Pardon Request
According to Crypto Banter podcast, CZ stated today (May 10) that other U.S. cryptocurrency exchange CEOs do not want him to receive a pardon. "We actually faced strong lobbying opposition from what we believe are competitors in the United States during the pardon request process," CZ
GateNews7h ago
LayerZero issues an apology and admits a design flaw in its 1/1 DVN configuration: default to a full upgrade to 5/5
Cross-chain protocol LayerZero issued a public apology on May 9 (U.S. time), acknowledging a design flaw in the Kelp DAO hacker incident. CoinDesk, citing LayerZero’s official blog, wrote: “First things first: a belated apology. We allowed DVN to operate in 1/1 mode for high-value transactions—this is a mistake.” The position shifted from prior weeks’ accusations about “Kelp’s own configuration choices” to taking responsibility at the infrastructure layer itself. The attitude reversal occurred t
ChainNewsAbmedia8h ago
Judge Unblocks $71M in ETH for Aave Transfer as North Korea Creditors Retain Legal Claim
According to The Block, on Friday, Judge Margaret Garnett of the U.S. District Court for the Southern District of New York partially unblocked 30,766 ETH (approximately $71 million) frozen inside Arbitrum DAO since May 1, allowing an on-chain governance vote to transfer the ether to a digital
GateNews10h ago
