Three Arrested in Spain Over Plot to Kidnap and Extort Crypto Broker

Source of this Article
Decrypt 9 months ago 185

A British crypto broker jumped 30 feet from a balcony in Estepona, Spain to escape kidnappers who demanded $31,000 (€30,000) in digital assets.

Thankfully the broker survived what appears to be another attempt at crypto extortion involving what's become known as a "wrench attack."

The 34-year-old victim broke both ankles in the escape, but later managed to avoid surrendering client funds after using Hindi during a coerced phone call to alert a friend in London of his predicament, according to reports from Spanish authorities cited by Metro UK.

Spanish National Police in Malaga arrested three British suspects following the incident. Officers discovered €10,000, two firearms, three knives, and 25 grams of pink cocaine during a search of the apartment where the victim was held.

Chance meeting

The kidnapping began after a chance meeting in Marbella on the Costa del Sol, investigators said. The broker accepted an invitation for drinks at an apartment in nearby Estepona, where the suspects had been temporarily residing.

Once there, the kidnappers threatened to torture and kill the victim unless he transferred €30,000 in crypto from his customers' accounts. The captors bound the broker, then demanded access to crypto wallets from the broker's clientele.

The victim managed to alert authorities by pretending to provide wallet access codes during a ph...



Facebook X WhatsApp LinkedIn Pinterest Telegram Print Icon


BitRss shares this Content always with Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License.

Read Entire Article


Screenshot generated in real time with SneakPeek Suite

BitRss World Crypto News | Market BitRss | Short Urls
Design By New Web | ScriptNet