Michael Valentino Teofrasto Carturan, a crypto investor, was kidnapped in New York, tortured for 17 days by captors seeking access to his Bitcoin wallet. This incident typifies a rising trend of crypto kidnappings worldwide, where traditional methods of extortion meet the lucrative world of digital assets. Recent events also saw 26 individuals charged in France for attempted kidnappings related to a prominent crypto figure, illustrating that organized crime is adapting to exploit vulnerability in the booming cryptocurrency market.
Carturan's captors, John Woeltz and William Duplessie, tortured him for access to his crypto accounts, highlighting the escalating risks faced by lucrative cryptocurrency investors.
In May, 26 people were charged for attempted kidnappings involving figures from France's cryptocurrency landscape, indicating a growing trend of organized crime targeting crypto tycoons.
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