The post Malaysian Police Face Gang Robbery Probe Tied to Seized Digital Assets appeared on BitcoinEthereumNews.com. Twelve Malaysian police officers arrested overThe post Malaysian Police Face Gang Robbery Probe Tied to Seized Digital Assets appeared on BitcoinEthereumNews.com. Twelve Malaysian police officers arrested over

Malaysian Police Face Gang Robbery Probe Tied to Seized Digital Assets

2026/02/21 03:02
Okuma süresi: 3 dk
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.
  • Twelve Malaysian police officers arrested over alleged $51,000 crypto extortion in Selangor raid.
  • Complaint by Chinese national triggered gang robbery probe tied to forced digital asset transfer.
  • Arrests come days after the king’s warning on corruption within police and key agencies.

Authorities in Malaysia have detained 12 police officers over allegations that they extorted cryptocurrency worth roughly 200,000 ringgit, or about US$51,000, from a group of Chinese nationals during a late-night raid in Selangor. The arrests follow a formal complaint lodged earlier this month and come amid heightened scrutiny of corruption within the country’s public institutions.

According to Selangor police chief Shazeli Kahar, the officers were taken into custody after one of the eight alleged victims filed a complaint on February 6. Local media reported that the individuals involved were between 25 and 45 years old.

The group alleged that officers entered a bungalow in Kajang district, outside Kuala Lumpur, around midnight. During the operation, phones and laptops were reportedly seized. One of the Chinese nationals was allegedly compelled to transfer digital assets to a designated cryptocurrency account.

Shazeli confirmed that the case is being investigated as a gang robbery involving a foreign national’s cryptocurrency. He did not disclose further operational details but stated that immediate action had been taken following the complaint. “The Selangor police contingent will not compromise with any officers or members who are involved in criminal activities,” he said in a statement.

Related: Interpol Declares Global Emergency Over Transnational Crypto Scam Networks

Arrests Follow Royal Warning on Corruption

The detentions were announced days after Malaysia’s King, Sultan Ibrahim Iskandar, publicly warned that corruption within key government agencies was under close watch. In a social media post earlier this week, the monarch stated that he had independent intelligence on corrupt practices across institutions, including the police, immigration authorities, customs department, and the Malaysian Anti-Corruption Commission.

The king’s remarks followed criticism of Prime Minister Anwar Ibrahim’s decision to retain Malaysian Anti-Corruption Commission Chief Commissioner Azam Baki, who is facing allegations related to illegal shareholdings. The commission has denied the claims, which were first reported by Bloomberg, and Azam has filed a defamation lawsuit against the news agency.

Since taking office in 2022, Anwar’s administration has pursued a series of investigations and charges against senior civil servants and political figures as part of a broader anti-corruption effort. The investigation into the Selangor case remains ongoing. Authorities have not indicated whether additional arrests or disciplinary measures are expected.

Related: Spain Arrests Salon Owner in €600K Hamas Crypto Funding Probe

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/malaysian-police-face-gang-robbery-probe-tied-to-seized-digital-assets/

Piyasa Fırsatı
Notcoin Logosu
Notcoin Fiyatı(NOT)
$0.0003551
$0.0003551$0.0003551
-3.18%
USD
Notcoin (NOT) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen crypto.news@mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network. This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17. USDY Joins the Stellar Ecosystem Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries. This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments. Combining Yield with Payments Infrastructure “Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation. Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications. Unlocking Institutional and Retail Use Cases USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users. The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static. A Milestone for Tokenized Treasuries With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology. As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets
Paylaş
CryptoNews2025/09/18 00:46
MetaMask Token is Coming ‘Sooner’ Than Expected: Consensys CEO

MetaMask Token is Coming ‘Sooner’ Than Expected: Consensys CEO

The MetaMask token launch "may come sooner than you would expect," says Joe Lubin, CEO of Consensys.
Paylaş
Coinstats2025/09/19 14:16
Based Eggman $GGs Grabs Ethereum Investors’ Focus in 2025 Institutional Presale Rally

Based Eggman $GGs Grabs Ethereum Investors’ Focus in 2025 Institutional Presale Rally

Ethereum holders are shifting attention to Based Eggman $GGs, a new crypto token presale making waves in the crypto presale list of 2025 among the top crypto presales.
Paylaş
Blockchainreporter2025/09/18 01:30

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity