Police Bust Turkish Gang That Kidnapped Wealthy Bitcoin Holders

Turkish police are toasting their success after capturing an enterprising gang of crypto kidnappers. Their targets were major bitcoin holders. The quintet were caught as they prepared to pounce on their second victim, having already extorted 450 bitcoins, worth U.S. $3.3 million, from a wealthy businessman.

Kidnapped for Crypto

The incident took place in Merter, a suburb in the west of Istanbul. As the country’s Habertürk newspaper reports, the audacious gang followed their first victim to his car before kidnapping him, laptop and all. They then pressurized the man into parting with 450 BTC. The ordeal lasted for eight hours, during which the victim was detained in a minibus and threatened with violence.

The criminals evidently weren’t very good at covering their tracks, both in the real world and online, and police were called to investigate after the shaken victim filed a complaint. After identifying the gang members, Turkish police launched a surveillance operation which included covertly filming the five-some as they went about their business…

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