• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Chicago Kidnapping: Family Forced to Transfer $15 Million in Cryptocurrency

user avatar

by Giorgi Kostiuk

2 days ago


Six individuals have been charged with kidnapping a Chicago family and extorting $15 million in cryptocurrency.

Details of the Kidnapping

The kidnapping occurred in October 2024, when an armed group stormed a Chicago townhouse. One suspect posed as a neighbor claiming to have damaged their garage to gain entry. Once inside, the gang forcibly held a father, his son, a family member, and their nanny. The victims were transported in a white Ford van to an Airbnb rental in Forest Park and later moved to another location, where they were held for five days. The kidnappers demanded ransom in Bitcoin, Ethereum, and other cryptocurrencies, threatening violence.

Case Unraveled: Found Evidence

The FBI conducted a thorough investigation, gathering surveillance footage, receipts, and unused zip ties from rental cars, fast food restaurants, and retail stores. Evidence found at the Forest Park Airbnb included footage showing suspects talking on cell phones and moving around the property. On January 17, one alleged kidnapper, Zehuan Wei, was arrested at the U.S.-Mexico border while trying to re-enter the country. The other five suspects remain at large, believed to have fled to China.

Rise of Crypto Crimes

This case highlights the growing role of cryptocurrency in criminal activities, providing anonymity and borderless transactions. Recently, Thai and Chinese authorities arrested two Chinese nationals, seizing $2.5 million in crypto linked to a scam. The suspects attempted to destroy evidence connected to human trafficking in Cambodia.

This case illustrates the increasing use of cryptocurrency in crimes and the challenges faced in such investigations.

0

Share

Other news

Innovative Future of Meme Coins: Arctic Pablo Coin Impresses the Market

Arctic Pablo Coin stands out among meme coins due to its unique presale strategy.

user avatarGiorgi Kostiuk

a minute ago

Jamie Coutts: Sustained Growth in Crypto Markets Continues

Analyst Jamie Coutts forecasts crypto market growth due to global liquidity and blockchain address activity.

user avatarGiorgi Kostiuk

2 minutes ago

Revolutionize Crypto Trading with Synthia

Synthia by Syn Futures simplifies crypto trading for everyone with AI-powered innovation.

user avatarGiorgi Kostiuk

2 minutes ago

Crypto Investor Profit Surge in 2024: CoinLedger Report Insights

CoinLedger reports an average crypto investor profit reaching $5,482 in 2024, six times last year's figures.

user avatarGiorgi Kostiuk

3 minutes ago

ECB and Blockchain: Future Innovation in Payments

ECB is exploring blockchain technology for use in payment systems, influencing the future of the euro.

user avatarGiorgi Kostiuk

3 minutes ago

Onramp and Arch Partnership: Bitcoin-Backed Lending Opens New Opportunities

Onramp and Arch launch a crypto lending service allowing Bitcoin-backed loans without selling your assets.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.