Kidnappers Kill Venezuelan Citizen for Not Paying Ransom Requested in Bitcoin
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Kidnappers Kill Venezuelan Citizen for Not Paying Ransom Requested in Bitcoin

THELOGICALINDIAN - A Venezuelan merchant was kidnapped and dead afterwards his ancestors bootless to accumulate a bribe that kidnappers absolutely asked to be paid in bitcoin The perpetrators asked for a sum of 15 bitcoin to absolution the earnest after blurred the bribe to 05 bitcoin The ancestors of the victim assuredly was clumsy to accumulate the bribe money

Venezuelan Citizen Abducted, Bitcoin Ransom Demanded

A Venezuelan aborigine articular as Gustavo Torres González was murdered bygone back his ancestors bootless to accumulate bribe money that kidnappers requested be paid in bitcoin. Torres was abducted on August 10 back he was apparently branch home in the Zulia state, according to police. The kidnappers bound announced with Torres’ ancestors and asked to be paid 1.5 bitcoin to absolution him, according to local media. However, his ancestors was not able to accumulate the funds, and in communications with the kidnappers, managed to lower the bribe to 0.5 bitcoin.

Still, this was tragically a sum too ample for his ancestors to acquire, who alone managed to accumulate 0.062 bitcoin ($2,750). Torres’ body was after apparent with six gunshot wounds on a bounded artery on August 11.

No Apparent Relation With Crypto

While the kidnappers absolutely declared they would alone booty the bribe money in bitcoin, Torres had no credible affiliation with cryptocurrencies. He was the buyer of a bounded ISP internet aggregation in the area, alleged Tutonet Investments. However, it is cryptic if the Venezuelan aborigine had any accord with cryptocurrency mining operations, or if he accustomed payments in cryptocurrency for his services.

The popularity of cryptocurrency in the country has acquired an access in scams and abomination application these new assets. Cryptocurrencies, due to their avant-garde design, can sometimes be added difficult to clue than money confused via acceptable authorization avenues. Still, statistics appearance that the cutting majority of crimes are still conducted by way of authorization money, and not cryptocurrencies.

This is not the aboriginal time that a abomination like this has happened. William Creighton, architect of an online bank armpit alleged 5Dimes, was additionally kidnapped in Costa Rica in September 2018. Kidnappers asked for a bribe of $5 actor dollars paid in bitcoin, but his ancestors could alone pay $1 million. His anatomy was begin in a adjacent cemetery one year later, active below a nameless tombstone.

What are your thoughts on this adverse story? Should bitcoin be abhorrent for agitated crimes such as this one? Tell us in the comments area below.

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