Africa has greatly embraced cryptocurrencies. More people across the continent desire to own, trade and even learn more about blockchain and cryptocurrencies. With this new technology spreading to the core of Africa, some are using it to spread joy while others use it to feed their criminal appetites.
South African crypto trader barely escapes from kidnappers
A crypto trader in South Africa is fighting for his life after a group of individuals kidnapped him, reportedly in a bid to get ahold of his crypto assets.
According to local reports, “Andrew” was in talks with a new contact on Facebook. Their talks led to the new contact asking him to meet up in residence in Natui Street, Meadowlands Zone Five. It is reported that Andrew was to meet this contact for a presentation on cryptocurrency. However, this never happened as, upon entering the residence, unknown persons struck him from behind and drugged him with a cloth containing sleeping drugs.
When the victim regained consciousness, he found himself sitting in a different location surrounded by two women and three men. According to Andrew’s statement, these individuals stripped off his clothes and began torturing him while demanding his password to his crypto wallet and his bank account details.
The victim managed to hold on to his financial details until eventually, the kidnappers threatened to take his life using a hot iron rod. After relenting, the kidnappers transferred around 800,000 South African Rand (about $58,500) worth of Bitcoin Core (BTC) to their wallet. They also transferred 100,000 South African Rand (about $7,300) from his bank account. In addition, they took 2 iPhones and about 3000 rands ($220) in cash he had at the time of the kidnapping.
Andrew added that once they were done getting the money from him,