12 Malaysian police arrested over Chinese nationals’ missing crypto
Twelve officers raided a bungalow, seized devices, and forced a crypto transfer.
Deep Dive
Malaysian police arrested 12 officers for allegedly extorting 200,000 ringgit (US$51,000) in cryptocurrency from eight Chinese nationals. Following a February 6 complaint, Selangor police chief Shazeli Kahar confirmed the gang robbery case. Officers reportedly stormed a Kajang district bungalow, confiscated phones and laptops, and coerced a victim to transfer digital assets. The arrests follow a recent warning from Malaysia's king about corruption within civil services.
Why It Matters
Highlights risks for crypto investors abroad and tests anti-corruption measures in key financial jurisdictions.