Bitcoins For Ransom, Demanding 8-Year-Old Kidnappers in Karnataka, Arrested

The main accused could be a former business partner of the child’s father, police said.

Dakshina Kannada:

In a shocking incident, an eight-year-old boy from the Ujire area was kidnapped in Dakshina Kannada and allegedly the abductors demanded a ransom in Bitcoin. The miner was later rescued from Kolar on Saturday and six accused persons have been arrested in connection with the case.

“The child was kidnapped when he went for a walk with his grandfather on December 17. A case was registered,” said Dakshina Kannada Superintendent of Police (SP), BM Laxmiprasad.

“The child’s father is a local businessman whose grandfather is a retired soldier. The child was rescued from the Kolar area on December 19 and six accused were arrested. The main accused is fleeing,” he added.

The main accused could be a former business partner of the child’s father, a police officer added.

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“He is suspected to be under the assumption that the child’s father had Bitcoins. Since the price of Bitcoin rose, the accused demanded the ransom in Bitcoins,” he added.

(With the exception of the headline, this story has not been edited by NDTV staff and is published from syndicated feed.)

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