Malaysian authorities have arrested 12 police officers on charges of extorting approximately 200,000 ringgit (equivalent to $51,000 USD) in crypto assets from a group of Chinese nationals during a midnight raid at a house near Kuala Lumpur, according to SCMP.
Selangor police chief, Mr. Shazeli Kahar, stated that the arrests were announced on Thursday after one of the eight victims—aged between 25 and 45—filed a complaint on February 6. Local media reported that the group claimed officers raided a bungalow in Kajang, a suburb of Kuala Lumpur, seized phones and laptops, and forced one victim to transfer digital assets to a specific crypto wallet address.
“We acted immediately and detained 12 police officers for investigation,” Mr. Kahar said, affirming that the case is being handled as an organized crime involving crypto assets of foreign nationals.
Mr. Kahar emphasized that the Selangor police “will not tolerate any officers or members involved in criminal activities,” highlighting the seriousness of the investigation.
The arrests occurred just days after Malaysia’s King, Sultan Ibrahim Sultan Iskandar, warned that corruption within government agencies remains under close scrutiny. On Monday, the monarch declared that individuals involved in corruption across various agencies, including the police force, are “within his radar,” and stressed: “Don’t think I don’t know anything. I also have my own intelligence system.”
The Malaysian government has also intensified its anti-corruption campaign since Prime Minister Anwar Ibrahim took office in 2022. In recent months, several senior officials and public figures have been prosecuted as part of a broader effort to curb abuse of power in the public sector.
Vương Tiễn
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
U.S. CFTC appoints former prosecutor David Miller as Enforcement Chief
ChainCatcher reports that, according to Reuters, the U.S. Commodity Futures Trading Commission (CFTC) announced on Monday that former prosecutor David Miller will become the agency's Chief Enforcement Officer. This move comes as the CFTC prepares to strengthen regulation of cryptocurrencies and prediction markets.
As the new head of enforcement at the CFTC, Miller will be responsible for leading the agency's regulatory enforcement efforts in the digital asset space.
GateNews1h ago
Chinese banks freeze accounts due to memos related to cryptocurrency
In the U.S., cryptocurrency regulations are loosening, while China tightens control, especially at retail banks. Users report account freezes for mentioning cryptocurrencies in transactions, demonstrating increased caution among Chinese investors.
TapChiBitcoin3h ago
TRM Labs Report: AI-Driven Crypto Scams Increase 500% Year-over-Year by 2025
TRM Labs report indicates that artificial intelligence is reshaping digital financial crime, with illegal cryptocurrency flows expected to reach $158 billion by 2025. AI-driven scam cases have surged by 500%. Autonomous AI agents accelerate money laundering, lower the barriers to evasion, and lead to a compliance crisis. Legal liabilities are difficult to trace, requiring international cooperation to resolve jurisdiction conflicts.
GateNews3h ago
South Korea to investigate cryptocurrency photo leak and seed phrase incident causing $4.8 million in tax authority losses
The Korea National Tax Service apologized after publicly sharing a photo of a hardware wallet seed phrase, which led to the theft of $4.8 million worth of cryptocurrency. The government has requested police intervention and will strengthen regulations on digital asset management.
GateNews3h ago
Two regions in Russia lift cryptocurrency mining restrictions, but long-term ban threat still remains
The Republic of Buryatia and the Trans-Baikal Territory in Russia will lift the temporary restrictions on cryptocurrency mining on March 15, but the Moscow government plans to implement a five-year comprehensive ban by 2026. Currently, Russia has banned mining in 10 regions, causing difficulties for business investments. The largest mining company, BitRiver, is facing bankruptcy and the detention of its founder.
GateNews5h ago
The US authorities confiscated over 61 million USDT from the "fattening then slaughtering" scam network
Federal prosecutors in North Carolina seized over $61 million USDT related to a cryptocurrency scam known as "pump and dump." Authorities traced stolen funds through a complex network of wallets used for laundering money from global victims. The scam often starts with fake romantic relationships to gain trust, leading victims to invest in false trading platforms with fabricated profits. When attempting to withdraw funds, victims face blockages or fake fees. This action is part of a broader effort to eliminate illegal profits and deter online scams exploiting digital assets.
TapChiBitcoin7h ago
