Man fakes own kidnap for Bitcoin ransom By BTC Peers

How far are you prepared to go to have some in your pockets?

With a price ticket of practically $50,000, only a few folks can afford to buy 1 Bitcoin. Nevertheless, Andrés Jesús Dos Santos Hernández was able to do all it takes to develop into a Bitcoin millionaire. The 23-year-old Venezuelan man has allegedly defrauded a number of folks of their Bitcoin by faking his personal kidnapping.

Whereas it’s nonetheless unclear how Hernández obtained maintain of the stated Bitcoin, the director of the Scientific, Felony and Felony Investigations Corps (CIPC, scientific police), Douglas Rico, stated that Hernández was a “monetary operator” of a number of folks and establishments linked to crypto actions.Hernández informed his victims that their funds had been stolen after he was kidnapped. In accordance with his sham story, his captors pressured him to switch his Bitcoin holding from Binance to a number of pockets addresses.

Hernández is now needed by the nation’s largest nationwide police company for the $1.15 million fraud case. Thus far, his whereabouts are unknown.

Though this isn’t the primary time that kidnappers are asking for ransom in cryptos, Hernández’s story doesn’t add up. Earlier this month, a Venezuelan service provider was killed after his household did not pay a 0.5 BTC ransom for his kidnap. Equally, in late 2017, an exec of Exmo crypto alternate was kidnapped and later launched after paying a $1 million crypto ransom.

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