China Jails Kidnappers That Demanded 'Hundreds of Bitcoins' as Ransom Payment
regulation

China Jails Kidnappers That Demanded 'Hundreds of Bitcoins' as Ransom Payment

THELOGICALINDIAN - Chinese authorities accept confined four individuals that were accused of kidnapping one being and ambitious hundreds of bitcoins as a bribe acquittal While the declared kidnapping is appear to accept occurred in the Philippines the cooperation amid the two countries eventually led to the arrest and closing sentencing of the Chinese kidnappers

A Ransom Demand

Four Chinese citizens accused of kidnapping and ambitious bitcoin as bribe acquittal accept been jailed, China’s Embassy in the Philippines has said. Two of the accused — namely, Liu and Zhang — were handed bastille agreement of eight and 12 years, respectively. The actual two, Cong and Jia, were bedevilled to activity in prison.

According to a statement appear by the Embassy, the four are believed to accept kidnapped an alone articular as “Su” in the Philippines in August 2019. For Su’s safe return, the kidnappers accepted “hundreds of bitcoins” which are agnate to over $3.1 actor or added than 20 actor yuan.

The kidnapping prompted the Embassy and calm law administration to barrage a manhunt for Su’s captors. According to the statement, the four accused were eventually bent and brought to amends in 2024.

Meanwhile, in the aforementioned statement, the Embassy common the Chinese government’s aught altruism for all actionable and bent activities that accommodate online gambling, telecoms artifice and kidnappings. Also, in a admonishing directed to Chinese citizens active in the Philippines, the Embassy appropriate the Chinese government’s cooperation with its analogue will ensure all Chinese lawbreakers in the Philippines will be brought to justice.

What are your thoughts on this story? Tell us what you anticipate in the comments area below.

Image Credits: Shutterstock, Pixabay, Wiki Commons