Man fakes own kidnap for Bitcoin ransom By BTC Peers

© Reuters Get the Bitcoin or die making an attempt: Man fakes own kidnap for Bitcoin ransom

How far are you prepared to go to have some in your pockets?

With a price ticket of almost $50,000, only a few individuals can afford to buy 1 Bitcoin. However, Andrés Jesús Dos Santos Hernández was able to do all it takes to grow to be a Bitcoin millionaire. The 23-year-old Venezuelan man has allegedly defrauded a number of individuals of their Bitcoin by faking his own kidnapping.

While it’s nonetheless unclear how Hernández received maintain of the mentioned Bitcoin, the director of the Scientific, Criminal and Criminal Investigations Corps (CIPC, scientific police), Douglas Rico, mentioned that Hernández was a “monetary operator” of a number of individuals and establishments linked to crypto actions.Hernández advised his victims that their funds had been stolen after he was kidnapped. According to his sham story, his captors compelled him to switch his Bitcoin holding from Binance to a number of pockets addresses.

Hernández is now needed by the nation’s largest nationwide police company for the $1.15 million fraud case. So far, his whereabouts are unknown.

Although this isn’t the primary time that kidnappers are asking for ransom in cryptos, Hernández’s story doesn’t add up. Earlier this month, a Venezuelan service provider was killed after his household didn’t pay a 0.5 BTC ransom for his kidnap. Similarly, in late 2017, an exec of Exmo crypto alternate was kidnapped and later launched after paying a $1 million crypto ransom.

Continue reading on BTC Peers

Disclaimer: Fusion Media want to remind you that the info contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Forex costs aren’t supplied by exchanges however quite by market makers, and so costs will not be correct and should differ from the precise market worth, which means costs are indicative and never acceptable for buying and selling functions. Therefore Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the data together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties attainable.

Recommended For You

About the Author: Daniel