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Canadian Man Hunted by Kidnappers in Bitcoin Heist Attempt

Key Takeaways

  • A Canadian crypto group moderator went into hiding after attackers falsely believed he held 2.5 million Bitcoin;
  • Four suspects were arrested, but two were released on bail despite charges of plotting a kidnapping;
  • The victim continues to hide, fearing for his family’s safety and moving between rentals.
Canadian Man Hunted by Kidnappers in Bitcoin Heist Attempt

A Canadian man moderating a cryptocurrency discussion group online claims he became the target of a kidnapping plot.

According to a report from La Presse on January 6, the attackers allegedly planned to abduct him to gain access to his digital currency holdings.

The man, whose identity has not been disclosed, said the ordeal began on November 4, 2024, when two masked individuals threatened him outside his home. He managed to lock his door before they could act.

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On November 8, 2024, the man noticed a car without a license plate parked near his house. As he drove away and contacted the police, one of the attackers pointed a gun at him after he pulled over.

Four suspects were arrested following the incidents. Two of them appeared in court in November 2024, charged with planning a kidnapping and possessing illegal firearms. However, they were released on bail and confined to house arrest until their trial in March.

The man described the events as extremely violent and said he continues to live in fear for his family’s safety. He has been moving between rental properties to remain hidden.

Speaking to La Presse, the man explained that he had been moderating a Facebook group for years, which led the attackers to assume he controlled 2.5 million Bitcoin BTC $95,732.68 . He clarified to La Presse that this was far from true, stating:

That is far from being the case. I’m a very ordinary guy. I may have 10,000 dollars.

Meanwhile, on December 31, 2024, a California man filed a lawsuit against three Asian banks. What was his claim? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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