Brazilian Mom Held for Bitcoin Ransom After Alleged Kidnappers Stalk Crypto-Trading Son
A Brazilian teacher was kidnapped by a gang that targeted her crypto-trading son to extort a Bitcoin ransom. After tracking the son's online activities, the criminals believed she had access to his substantial crypto holdings. They held her at gunpoint for 12 hours until her son, living in Portugal, sent 5 Bitcoin, equivalent to over $600,000, to secure her release. Local police arrested four suspects involved in this incident. This type of crime, known as a 'wrench attack,' has been increasing, reflecting a global trend where criminals aim at wealthy individuals in the cryptocurrency space. Recent similar incidents include high-profile kidnappings in major cities, indicating a concerning rise in such crimes.
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