Bitcoin Kidnapping Case: Crypto Entrepreneur Arrested For Torture And Extortion

Bitcoin Kidnapping Case: Crypto Entrepreneur Arrested For Torture And Extortion

John Woeltz was arrested in New York City on Friday for allegedly kidnapping and torturing a man in an attempt to access his Bitcoin (BTC) password. Once celebrated as a rising star in the crypto world, Woeltz, known as the “crypto king of Kentucky,” now faces serious criminal charges. Victim Escapes Torture In NYC  According […]


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6 Arrested In Shocking Chicago Kidnapping For Massive Crypto Ransom

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Indian Police Officer Arrested Over Kidnapping Crypto Trader For $40 Million

MUMBAI: Indian authorities arrested a criminal police constable and his seven associates on Wednesday, February 02, 2022. The authorities charged them for kidnapping a local crypto trader to get a bitcoin ransom worth $40 million.  Dilip Tukaram Khandare came to know about a person residing at Pune, the east commercial capital of Mumbai, possessing a […]

Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested

Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest the victims and freeze their assets. Bitcoin Extortionists Arrested in India Delhi police have reportedly arrested 96 people for allegedly extorting bitcoin from foreign nationals through fake call center schemes. According to local media, 54 people were arrested for running a call center in west....

$5 wrench attacks appear to be on the rise in the crypto community

Security expert warns that individuals known to work in crypto are susceptible to becoming targets of extortion-related crimes. Normally, the only way to access one's crypto funds is through their private key, which, thanks to advances in cryptography, would take nothing less than an advanced futuristic quantum computer to decipher. That said, mafias and gangs have managed to think outside the box. Instead of wasting their efforts on breaking the underlying cryptography, they've turned their attention to targeting crypto owners, themselves.A $5 wrench attack is when someone finds out you....

US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says

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