Law enforcement officials conducted a search in Prague in connection with the case of $655,000 in cryptocurrency that went missing
Ukrainian law enforcement officials uncovered a crypto fraud scheme that resulted in the victim losing more than $655,000. As part of an international operation, Czech law enforcement officials conducted a search of the suspect’s residence in Prague.
According to the cyber police, between 2023 and 2025, the man convinced the victim to invest in crypto assets, allegedly to generate passive income. The money was converted into cryptocurrency and transferred to wallets controlled by the suspect.
He subsequently moved the assets between various services and used methods designed to make it difficult to trace their origin and movement. The total amount of damages exceeded $655,000.
Czech law enforcement agencies, as part of international cooperation, identified the suspect’s place of residence in Prague. During a search, they seized computer equipment, mobile devices, data storage media, hardware crypto wallets, payment cards, records, and financial documents.
Law enforcement officials are currently analyzing the information obtained. The criminal case is being investigated under Part 5 of Article 190 of the Criminal Code of Ukraine. The pre-trial investigation is ongoing.
Source: National Police of Ukraine
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