U.S. to Apply Bank Secrecy Act Rules to Self-Hosted Crypto Wallets Big Investors Helped Fuel Bitcoin’s Rally to an All-Time High: Report Gerard Piqué Invests in Fantasy Football NFT Game Sorare Compound Finance Releases Whitepaper to Launch Its Own Blockchain DApp Transaction Volume Hits $ Billion in , 95% Comes From DeFi Rapper Megan Thee. Jun 11, · Bitcoin, however, leaves a clear transaction trail that has often led to arrests. The tools to disguise bitcoins may be sufficient for minor crimes. However, in the event of a capital crime such as a kidnapping, the police could investigate long enough to break the mixing of coins. A Bitcoin trader in South Africa was kidnapped and tortured in order for criminals to steal his cryptocurrency.
Bitcoin trader kidnappedBitcoin Trader Kidnapped and Tortured in South Africa | Live Bitcoin News
Luckily for Andrew, the criminals blindfolded him and dropped him off on a distant road. He is currently recovering in the hospital ICU. Police are looking for the culprits. Andrew is lucky to be alive. Criminals are quite willing to use violence to gain access to cryptocurrencies.
Back in March, two women performed a home invasion in Connecticut to steal bitcoins from the homeowner. In Taiwan, a man, looking to sell his bitcoins, and his friend were set upon by a gang of four men. Another violent attack took place in the United Kingdom back in January. A Bitcoin trader had a gang of armed criminals burst into his home in the late morning. He and his wife were held at gunpoint while their baby was put outside on the porch.
Once the trader transferred his cryptocurrency over to the thugs, they left. As you can see, it can get quite dangerous when meeting someone face-to-face in the crypto world.
The reason why they have asked for a ransom in Bitcoin due to the market-high prices of Bitcoin. It has been observed that people across the world are quite interested in investing in Bitcoin and the recent price surge has led to a huge increase in Bitcoin investors. According to the Dakshina Kannada Police, the abductors have demanded Bitcoin initially and later they downscaled it to 60 Bitcoin. BM Laxmi Prasad, the district superintendent of the police, has revealed that the father of the kidnapped boy has been a part of the marketing network.
Moreover, he is also trading in Bitcoin. According to the statement given by the Dakshina Kannada Police, the boy was kidnapped around pm while he was playing outside his house. The family has received a call demanding a ransom of Bitcoins. The police have claimed that the abductors are in touch with the family of the kidnapped boy through Whatsapp.
The police are not able to identify the abductors, however, they have clarified that they are travelling constantly on highways.