A recent case pops out in the media last week, in which an eight-year boy was kidnapped & criminals demand 100 #BTC in ransom, Around $2.3 #Million at the time of the kidnapping.
It was a Bitcoin-related #Kidnapping, in which a son of a local businessman from Karnataka (India) got kidnapped, according to reports the Family of a child (father and grandfather) was prominent local businessmen and investors in cryptocurrencies, and more precisely, Bitcoin.
Somehow the local authorities formed a special police group that traced the #ransom message from a cell tower & have arrested and accused six individuals on the case, concluding that they are well-known to the kidnapped boy’s family.
#Crypto is a new asset class compared with traditional finance, that’s why some bad actors are trying to take advantage of the same, it's been difficult to track crypto transactions & with the increase in the popularity of Bitcoin due to its prices, more n more people tend to attract towards the same.
Try to avoid posting your profits and portfolio on social media.
Thanking you !
#uptrennd #Bitcoin #India #Money #Cryptocurrency
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.