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

Increased Crime in Crypto Sector Highlights Security Issues

user avatar

by Giorgi Kostiuk

a year ago


The year 2024 brought significant changes to the cryptocurrency sector, including a notable increase in criminal activity related to cryptocurrencies. Crimes ranged from kidnappings to extortions, affecting both users and companies.

France: Kidnapping with Ransom

In France, police rescued a man found tied up in the trunk of a car in Le Mans. The kidnappers made a ransom demand of his son, a cryptocurrency influencer in Dubai. The man was abducted on New Year's Eve and transported 500 kilometers across the country. An investigation is ongoing.

Pakistan: Crypto Payment Crime

In Pakistan, local trader Mohammed Arsalan was kidnapped and made to transfer $340,000 via his Binance account before being released. Several suspects, including a Counter-Terrorism Department officer, have been arrested.

Australia and Canada: New Extortion Cases

In Australia, a Saudi royal became the victim of a kidnapping orchestrated through a dating app. In Canada, WonderFi CEO Dean Skurka was kidnapped and released after a $1 million ransom was paid in Toronto. Both cases underline the growing risks for cryptocurrency traders.

As cryptocurrencies become more popular, so does crime associated with them. This necessitates increased attention to security and the development of measures to protect users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Concerns Rise Over Economic Impact of Immigration Policy Changes

chest

Concerns rise over the economic impact of immigration policy changes.

user avatarJesper Sørensen

Trump's Strict Immigration Policies Spark Economic Uncertainties

chest

Trump's strict immigration policies initiated in January 2026 create economic uncertainties in US labor markets while sparing cryptocurrency markets.

user avatarRajesh Kumar

Liquidity Indicators Impacting Bitcoin Price Predictions

chest

Arthur Hayes emphasizes the importance of liquidity indicators in predicting Bitcoin price movements.

user avatarSatoshi Nakamura

CFTC Adopts Flexible Approach to Event Contracts in Coordination with SEC

chest

CFTC adopts a flexible approach to event contracts, aligning with SEC to support innovation in prediction markets.

user avatarLucas Weissmann

Concerns Over Quantum Computing Heighten Bitcoin Investor Anxiety

chest

Concerns over quantum computing are raising anxiety among Bitcoin investors as Coinbase evaluates risks and Jefferies removes Bitcoin from its portfolio.

user avatarLeo van der Veen

ICE Disputes Have Previously Sparked Major Shutdowns

chest

Historically, US government shutdowns have evolved from DHS-immigration disputes, causing substantial disruptions.

user avatarFilippo Romano

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.