The father of an unnamed crypto entrepreneur was held captive at a property for several days until a May 3 police raid liberated him.
Police News
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Moroccan police arrested Badiss Mohamed Amide Bajjou, who is accused of being one of the ringleaders behind a spate of recent crypto-related kidnappings in France.
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Ukrainian police claimed the man’s actions caused a server hosting company to suffer losses estimated at over $4.4 million.
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The incident is the latest in a string of “wrench attacks” and other violent crimes targeting crypto investors and industry professionals.
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A second person suspected of being tied to the alleged kidnapping and torture of an Italian man for his crypto will surrender to New York City police, according to multiple reports.
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Hong Kong police have arrested 12 people tied to a $15 million crypto laundering operation, which was dismantled on the same day.
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French law enforcement will offer crypto entrepreneurs and their families a police emergency line and conduct house visits to ensure their safety amid a recent spate of attacks.
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The $243 million Bitcoin heist orchestrated by Veer Chetal, Malone Lam and others led to a stunning kidnapping in Connecticut.
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French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom.
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The Los Angeles Police Department said it seized $2.7 million worth of Bitcoin mining rigs allegedly stolen at the city’s airport from a shipment bound for Hong Kong.
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The scammers would hit the same victim repeatedly, first posing as investment managers, then again as Europol agents offering to recover the stolen funds for a fee.
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Ben Armstrong, also known as “BitBoy,” claimed on March 21 that he had a warrant for his arrest over emails to a judge.
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Prosecutors allege Bithumb’s former CEO used a $2 million company lease deposit to buy an apartment, though the exchange says he repaid the funds.
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Scammers posed as law enforcement and crypto wallet hosts to trick victims into revealing their seed phrases and steal their funds.
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The Wyoming Highway Patrol Association has adopted the Proof of Workforce’s “Get Off Zero” initiative and is reportedly exploring adding Bitcoin to its balance sheet.
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