Cryptocurrency expert kidnapped for $1 million bitcoin ransom

On Tuesday, cryptocurrency expert Pavel Lerner was snatched by an armed gang wearing ski masks near his office in Ukraine. It was a kidnap-for-ransom scheme, but with a high-tech twist: instead of asking for easily traceable paper money, the kidnappers demanded to be paid $1 million worth of bitcoins. Turns out NY County District Attorney Cyrus Vance was right when he said we can expect cryptocurrency-related crimes (outside ofcyber attacks) to be more common as its value surges. Vance made the statement after armed robbersheld up a victim at gunpoint earlier this month to steal $1.8 million worth of virtual coins in New York.

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