Bitcoin Telephone Substitution Executive Kidnapped Well-Nigh His Office

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Bitcoin Telephone Substitution Executive Kidnapped Well-Nigh His Office



An executive of a UK-registered cryptocurrency telephone substitution was kidnapped this calendar week inward Ukraine.

He was released afterward paying a ransom of to a greater extent than than $1m inward bitcoins, according to Anton Gerashchenko an adviser to the Ukrainian interior minister, reports the Financial Times.

Pavel Lerner, who runs the Exmo telephone substitution was kidnapped well-nigh his purpose inward Kiev on Tuesday but
freed on Thursday, Gerashchenko said.

“He was kidnapped past times an armed gang for the purpose of extorting bitcoins,” Gerashchenko told the Financial Times, adding: “We accept operative information that he paid to a greater extent than than $1m worth of bitcoins.”

He said Lerner was held for 1 as well as a one-half days, “then released inward a field of shock. ... He got really lucky that he remained alive."

The kidnapping of Lerner, a Russian citizen, was kickoff reported on Tuesday past times local Ukranian media, which said witnesses had seen him beingness bundled into a dark Mercedes-Benz past times people wearing nighttime clothe as well as balaclavas.

Although Lerner’s LinkedIn profile describes him every bit CEO, Exmo reportedly told the BBC he was its analytics manager.

Separately (?) on Thursday, Exmo said on Twitter that it had been striking past times a cyber attack, which meant its website was downward temporarily.

According to FT,  spell Exmo is non inward the operate past times handful of exchanges past times marketplace share, it has merely about 94,000 active traders as well as hosted trading of merely about $125m worth of bitcoin over the past times 24 hours.

-RW


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