Cryptocurrency Miner Kidnapped in Russia for $166,000 Ransom

In a shocking case, a 23-year-old cryptocurrency miner was kidnapped by three men in the city of Izhevsk, Russia, on December 25. The kidnappers, who were part of a gang, forcibly took him from his yard and took him away in a car registered to a retiree.

According to Ren TV, then contacted the victim's brother via Telegram and demanded a ransom of 15 million rubles (about $166,000). If the ransom was not paid, they threatened to plant drugs on the victim and turn her over to the police.

However, police were able to quickly locate and arrest the kidnappers. The perpetrators, who have a history of robbery and extortion, could face up to 12 years in prison.

This case highlights the dangers of cryptocurrency mining, which can make people targets for criminals. It is important to be aware of the risks and take steps to protect yourself, such as keeping your cryptocurrency holdings safe and not sharing your personal information online.

Also read: Cryptocurrency Users Lost $2 Billion to Hacks in 2023, De.Fi Reports

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