Criminal activity in the crypto world is significantly high.

Therefore, in the Arab Bitcoin website, we are keen to constantly warn about fraudulent operations and various fraud methods, which, no matter how varied their methods, aim to steal the user’s pocket and access and loot his money.

Recently a millionaire and investor in cryptocurrency was kidnapped.

According to the story Informative From the “South China Morning Post,” businessman Mark Cheng was recently kidnapped and tortured.

Cheng was taken hard in Thailand on the job.

He was accompanied by one of his partners, “Kim Li Yao Wei” (remember his name) when a few masked men came upon them.

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Then the criminals packed the two men into a pickup truck and took them away.

The kidnappers demanded that Cheng pay 1 million Singapore dollars (about 740,000 US dollars) as ransom.

Money had to be paid in Bitcoin (BTC) to secure his release.

But without reaching the required amount, the victim was unable to transfer all his available bitcoins, as he owns only $46,000.

Enraged by the small amount in his possession, they plotted to kill him.

Media platform Lian Wanbao reported that Cheng managed to escape before they killed him. Quoting Cheng’s speech:

One of them had the gun on the back of my head while the others walked away.

Fortunately, I know martial arts.

I got behind my head, grabbed the gun, and ran away.

Later investigations indicated that his colleague Kim Li Yaowei is the mastermind of the operation as a whole, as he was arrested and charged with a range of charges.

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