Crypto Crime: Global Rise in Violence Against Traders

user avatar

by Giorgi Kostiuk

2 years ago

In 2024, cryptocurrencies reached significant price levels, leading to a rise in crimes against crypto investors worldwide.

Incidents in Different Countries

In several countries, there have been high-profile crimes against cryptocurrency owners. In France, police rescued a man found in the trunk of a car in Le Mans, who was kidnapped and a ransom was demanded from his son, a crypto influencer. In Pakistan, kidnappers forced local trader Mohammed Arsalan to transfer $340,000 on Binance before releasing him. In Australia, a member of the Saudi royal family was lured through a dating app, where they were held and threatened, with a demand of $40,000 in bitcoins. In Canada, Dean Skurka, CEO of WonderFi, faced a similar situation and was released after a $1 million payment.

Consequences and Precautions

These incidents highlight the severe risks faced by crypto investors. The sharp rise in cryptocurrency prices attracts criminals seeking to profit from newfound wealth. Investors are advised to adopt enhanced security measures to protect themselves and their assets.

Prospects for 2025

With forecasts for bitcoin growth in 2025, incidents of kidnappings and extortion may multiply. The importance of enhanced security measures is growing in the expanding sector.

Growing risks for crypto investors necessitate stricter security measures and international law enforcement cooperation to ensure protection in the rapidly developing sector.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

Ollie Bearman to Host Interactive QA at Zoomex Event

Ollie Bearman will host an interactive QA session at the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, providing a unique opportunity for traders and motorsport fans to engage directly.

user avatarDiego Alvarez

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.