Crypto’s record-breaking year sees spike in kidnappings and ransom schemes
A rise in ransomware, kidnappings and extortion shows the growing risks faced by crypto traders and investors as the sector expands.
Crypto traders are increasingly becoming targets for kidnappings and extortion, as highlighted by several alarming cases reported in recent weeks.
In France, police rescued a man found tied up in the trunk of a car in Le Mans after his captors made a ransom demand to his son, a crypto influencer living in Dubai, according to France Bleu Normandie, a local French outlet.
The incident, which occurred on the night of Jan. 1, saw officers from Le Mans intercepting a stolen vehicle at a gas station. Upon opening the trunk, they discovered a disoriented 56-year-old man doused in gasoline.
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Author: Mehab Qureshi
