Boom in Cryptocurrency Marks the Return of Bitcoin Kidnappings in India

  • Boom in Cryptocurrency Marks the Return of Bitcoin Kidnappings in India

    Posted by on December 22, 2020 at 4:19 AM

    Bitcoin, the world’s biggest cryptocurrency, continues to emerge as a popular choice of ransom for kidnappers.

    On Dec. 19, a gang of kidnappers in the southern Indian state of Karnataka demanded a ransom of 100 Bitcoin worth INR 170 million ($2.3 million) in exchange for an eight-year-old boy. The boy,  kidnapped while on a walk with his grandfather on Dec. 17, was the son of a prominent businessman who had invested in Bitcoin. However, before the transaction could take place, the minor was rescued by the state police and six accused were arrested. 

    Cryptocurrency is a form of

    Original URL:

    https://www.vice.com/en_us/article/akdjyg/boom-in-cryptocurrency-marks-the-return-of-bitcoin-kidnappings-in-india

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