Kidnappers Ask Ransom of 80 Bitcoin (BTC) For Chinese Student


A Chinese student was recently kidnapped in Australia and the kidnappers demanded a ransom of 80 Bitcoin (BTC), around $810,000 USD to release him. According to a local media outlet, the father of the student was kidnapped and they demanded the ransom within 24 hours.

The kidnappers affirmed that they would harm their hostage if they did not receive the funds. Their address was not revealed, however. They claimed that only when the father confirmed that he would pay the ransom they would be able to let him see the wallet. After the payment, they would his son go.

According to the reports of the local media, the father was not able to raise the money and is currently trying to get a Visa to visit Australia and look for his son.

Fake Kidnapping?

This would normally be a tragic story. However, some people have wondered whether the story is fake or not. In fact, this is kind of a trend in situations like this one. In these cases, the kidnapping is not real but staged.

First, kids are contacted by people who pose as officials from China. They claim that the student will be convicted of a crime in China unless they “cooperate”. After that, the scammers coerce the students into filming fake videos that are sent to their parents.

After that, the “evidence” is sent to the student’s family and they get the money. The student is never really harmed and sometimes the scammers are not even within the same country when they contact the victims.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide