• 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

USDC Supply Increases While USDT Supply Decreases in Q1 2026

chest

USDC's supply increased by approximately $2 billion while USDT's supply decreased by about $3 billion in Q1 2026.

user avatarSon Min-ho

Cardano's Price Analysis Shows Potential for Recovery

chest

Technical analysis by Crypto Patel indicates that Cardano's price may be bottoming out, with a structured recovery path outlined.

user avatarAyman Ben Youssef

Ghana Pioneers Payment Integration with National ID on XRP Ledger

chest

Ghana has integrated payment functionality into its national identity card, the Ghana Card, allowing citizens to use it for online shopping, ATM withdrawals, and international transfers.

user avatarTando Nkube

Strive and Tuttle Capital Management Submit Prospectus for New Leveraged Bitcoin ETF

chest

Strive and Tuttle Capital Management have filed a prospectus for a leveraged Bitcoin ETF, proposing a fund that gains exposure through preferred equity securities.

user avatarKofi Adjeman

Russia's Bitcoin Mining Benefits from Low Energy Costs

chest

Russia ranks second in Bitcoin mining due to low energy costs and a structured regulatory framework, benefiting from a cold climate that reduces cooling expenses.

user avatarNguyen Van Long

China's Bitcoin Mining Presence Persists Despite Ban

chest

China's Bitcoin mining presence continues despite a ban, attributed to underground operations and cross-border arrangements.

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.