The man was kidnapped Thursday morning in Paris, the prosecutor’s office said Sunday.
“The victim turned out to be the father of a man who made his fortune in cryptocurrencies, and the incident was accompanied by a ransom demand,” its statement said, without giving their names or other specifics about their identities.
Police investigators located the hostage in a house in the Essonne region south of Paris, from which he was rescued on Saturday night, the prosecutor’s office said.
It said he was treated for injuries but gave no details. French media reported that the alleged hostage-takers cut off one of the man’s fingers.
You gotta give it to them. It is kinda smart. I mean, they target people who can pay huge sums anonymously.
This has by far been the biggest criticism if bitcoin since the inception. Theres nothing stopping criminals from just beating the bitcoin out of you unless you keep it in a bank lol
Is there something stopping criminals from beating your cash money out of you?
Cause usually you don’t carry your money bags on you. You bank your assets that have identy verification and can track and reverse transactions.
You can kinda bank crypto too but not in the same extent yet and that kinda defeats the purpose of decentralization. So far decentralized banking is not really solved tho imo is a solvable issue.
Personally I think identity tied wallets is really the only way to patch this problem in reality which would allow society to self govern itself and prosecute and punish criminals but its so hard to do. Just look at worldcoin which is such a shit show.