Skip to main content

Cryptocurrency Miner Kidnapped for Ransom in Russia

Russian Cryptocurrency Miner Kidnapped for Ransom in Izhevsk

In Izhevsk, Russia, a 23-year-old bitcoin miner was forcefully abducted from his residence as kidnappers demanded a ransom of 15 million rubles ($166,000).

23-Year-Old Russian Bitcoin Miner Kidnapped for Ransom

On Dec. 25, in a rapid sequence of events, it was reported that the crypto miner was kidnapped and subjected to coercion. The ordeal began when he was abruptly seized from his dwelling and shoved into a Niva car, a model noted for its durability on Russian terrain. Ren TV disclosed that the kidnappers, including one acquainted with the victim, warned of grave repercussions unless the 15 million rubles ($166,000) ransom was promptly delivered.

The captors swiftly relayed their ransom demands via the Telegram messaging app, reaching out directly to the victim’s brother. They leveraged threats of fabricated criminal charges to hasten the payment, stating their intent to frame the victim as a drug smuggler by planting narcotics on him and then alerting the police.

The culprits, identified as individuals with a history of robbery and extortion, are currently facing severe legal consequences. The gravity of the charges mirrors the Russian judiciary’s approach to this type of abduction scenario. The report indicates that the perpetrators could be sentenced to as much as 12 years of incarceration for their actions.

Regrettably, since 2014, over 100 physical assaults have targeted crypto holders. Initially, these incidents were sparse, but as the value of crypto assets soared, so did the frequency of violent acts against their owners. These attacks encompass methods like kidnappings, assaults, and home invasions. In Nov. 2023, Changpeng Zhao, the former CEO of Binance, commonly referred to as CZ, revealed that criminals had kidnapped a Binance client, coercing them to drain their crypto wallets.

What do you think about the crypto miner who was kidnapped and held for ransom? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/wSQCDPJ
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more