A Venezuelan businessman was murdered after the kidnapping for failing to pay the ransom in bitcoin

A Venezuelan dealer was kidnapped and killed after his household failed to pay the bitcoin ransom demanded by the kidnappers. These criminals are identified to demand a ransom of 1.5 BTC, which was then decreased to 0.5 BTC. In the finish, nevertheless, the sufferer’s household couldn’t gather sufficient ransom.

Kidnapping, ransom in bitcoin

Gustavo Torres Gonzalez, it was confirmed {that a} Venezuelan citizen was murdered yesterday when his household failed to pay the ransom demanded by the kidnappers in Bitcoin. According to police, Torres was kidnapped on August 10 on his method house from Zulia state. The kidnappers shortly contacted von Torres’ household and requested for 1.5 bitcoins in change for his life. However, the household couldn’t gather sufficient and after contacting the kidnappers, lowered the ransom to 0.5 bitcoin.

Gustavo Torres Gonzalez

However, this was an quantity so giant that his household couldn’t discover it immediately. And in the finish, they solely made 0.062 bitcoin ($ 2,750). Torres’ physique was later found on August 11 with six gunshot wounds on a neighborhood freeway.

While the kidnappers declare they solely took the ransom in Bitcoin, Torres has no clear connection to cryptocurrencies. He owns a home ISP web firm known as Tutonet Investments. However, it’s unclear whether or not the man has any hyperlinks to cryptocurrency mining operations. Or whether or not he’ll settle for funds in cryptocurrency for his providers.

The recognition of cryptocurrencies in the nation has elevated scams with the rising asset class as cryptocurrencies are tougher to monitor than money. However, statistics present that the majority of criminals are nonetheless claiming fiat cash slightly than cryptocurrencies.

This isn’t the first time that such a case has occurred. William Creighton, the founding father of a web based playing website known as 5Dimes, was additionally kidnapped in Costa Rica in September 2018. The kidnappers requested for a $ 5 million ransom in bitcoin, however his household can solely pay the $ 1 million quantity. His physique was discovered a few 12 months later in a close-by cemetery, buried below an unnamed tombstone.

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According to News Bitcoin

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