• 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

SpaceX's Bitcoin Holdings Raise Questions About Crypto Strategy

chest

SpaceX is reportedly holding 8,285 BTC, valued at over $565 million, raising questions about its long-term crypto strategy.

user avatarAyman Ben Youssef

Shiba Inu's Burn Rate Plummets, Raising Supply Concerns

chest

Shiba Inu's burn rate has dramatically declined by 98% in March, raising concerns about supply management and potential selling pressure.

user avatarTando Nkube

Cooperation Agreement Signed at VIII Crypto Summit 2026

chest

Cooperation agreement signed between ANO Institute for the Development of the Crypto Industry and Lebedev Russian State University of Justice at VIII Crypto Summit 2026 to promote educational and expert initiatives in law and digital technologies.

user avatarNguyen Van Long

VIII Crypto Summit 2026 Takes Place in Moscow

chest

The VIII Crypto Summit 2026 took place in Moscow on March 25-26, attracting over 8,200 participants and featuring discussions on cryptocurrency regulation and market development.

user avatarKofi Adjeman

Polkadot's Fundamentals Strengthen Amid Market Weakness

chest

Polkadot's fundamentals are improving with a new supply cap and reduced emissions, despite the current weak price performance.

user avatarEmily Carter

Bank Negara Malaysia Upgrades Economic Growth Forecast

chest

Bank Negara Malaysia has revised its 2025 growth forecast to 4.5-5.0%, reflecting improved domestic demand and export performance.

user avatarSatoshi Nakamura

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.