Police Arrest Gang That Kidnapped Wealthy Bitcoin Holders

Police Arrest Gang That Kidnapped Wealthy Bitcoin Holders

A gang of crypto kidnappers have been caught by Turkish police after robbing 450 bitcoin equivalent to $3.3 million dollars from a wealthy businessman.

The gang followed the victim to his car before kidnapping him, throwing him into a minibus for 8 hours and threatening him with violence. Police were able to watch the flow of stolen coins as they passed through the blockchain to identify the criminals and then launched a sting operation to catch them as they were preparing for another robbery. One of the ring leaders has been convicted of extortion and is facing 30 years in prison. The gang targeted the victim after seeing him flaunting his wealth on social media.

In the past few years we have also seen robbery's conducted on LocalBitcoins.com on people who wanted to trade bitcoin for cash so stay safe out there and don't make yourself a target.

Habertürk newspaper report

20 thoughts on “Police Arrest Gang That Kidnapped Wealthy Bitcoin Holders

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