{
Mohammed Arsalan

People

}

pakistani trader kidnapped and extorted for 340000 in cryptocurrency

Mohammed Arsalan, a Pakistani cryptocurrency trader, was kidnapped on December 25 and forced to transfer $340,000 in crypto to his captors, including a suspected policeman. The incident has led to seven arrests, highlighting a troubling trend of crypto-related kidnappings and extortion. Meanwhile, Dean Skurka, CEO of WonderFi Technologies, was also abducted and released after a $720,000 ransom was paid electronically.
Decrypt
WonderFi Technologies Inc. CAN UKR PAK Mohammed Arsalan Arman Grigoryan Dean Skurka Show more
Regulatory & Legal, News Article
13:01 08.01.2025

crypto crime surge linked to rising bitcoin values and ransom schemes

Crypto traders are increasingly targeted by kidnappers and extortionists, as evidenced by several recent incidents across the globe. In France, a man was rescued from a trunk after his captors demanded ransom from his son, a crypto influencer. Meanwhile, in Pakistan, a trader was forced to transfer $340,000 in cryptocurrency before being released. The surge in Bitcoin's value has spurred a rise in crypto-related crimes, with ransomware payments exceeding $1 billion in 2023.
Cointelegraph
United States Dollar AUS PAK CAN FRA Mohammed Arsalan Dean Skurka Show more
Finance & Economy, News Article
14:45 04.01.2025
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