Kidnappers demand bitcoin ransom
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Kidnappers snatch a 13-year-old South African boy and demand his ransom be paid in bitcoins
Grocery Innovation. Healthcare Payments. Mobile Wallets. According to the police, the mastermind, who is absconding, planned the kidnapping of the child, the son of a businessman Bijoy, for bitcoins.
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As on Saturday, the price of one bitcoin is equivalent to Rs 17 lakh approximately. The demand for ransom was bitcoins which is equivalent to Rs 17 crore.
The kidnappers had later scaled down the ransom to 60 bitcoins and Rs 25 lakh. The latter had some cryptocurrency three years ago, but once their prices had crashed, he had sold them. In the last one year, the price of cryptocurrency has sky-rocketed from Rs 4 lakh to Rs 5 lakh for one bitcoin to Rs 17 lakh.
Mangaluru businessman's grandson abducted, kidnappers demand Rs 10 cr in bitcoin | The News Minute
The arrest of the mastermind will throw more light. Former minister Varthur Prakash was kidnapped for ransom on November 25 in Kolar by Kaviraj, a gangster close to the jailed underworld don Ravi Pujari. Disclaimer : We respect your thoughts and views!
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Karnataka: 8-year-old boy's kidnappers demand ransom in Bitcoin
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