Increasing kidnapping and ransom. Privacy is important.

[robelneo]

These are reported crimes of kidnapping where payment is through cryptocurrency, but there's a possibility that it's very rampant now and it's not just reported.
This is not yet happening in our country, as there are no reports of such cases, but as the popularity of cryptocurrency is happening in every country where cryptocurrency is popular, this could happen. It's part of our knowledge of cryptocurrency that we also learn how to value our privacy and about showing off to people what we got.

[AlphaBeta]

I'm still not sure why they'd want that amount of payments in crypto, but that's besides the point, it's sad to see all of these happening.

[target]

I dont think that increased privacy would help to fight with kidnapping and ransom. What stops a criminal to kidnap a random person that seems to be having a family or someone that has a friend. Family and a friend would do everything anyway to save kidnapped person. Rich or poor will be forced to find and pay anyway. For kidnapper it will be at the same, to kidnap a millionaires child or average class persons child and ask for a $1 million ransom. A life is a life and anyone would do everything to get that money and help their child.

OP is not talking about random kidnapping.
OP's lists are crypto holders who ar kidnapped and the kidnappers specifically asked them BTC for the ransom which means these kidnappers are targeting crypto holders. 

It would have been avoided if they were not known to own Bitcoin. They were just too carefree to just let everyone know they are crypto owners.

If you flash your money in wrong place and in front of wrong people, it does not matter if you are a crypto holder or a person with $100 banknote, as chances of being robbed or getting troubles increase greatly. I am not saying that we should not stay cautious all the time now, but in the article its only several cases, even more cases can be found if we make a search. But compared to the number of none-crypto, that isnt much to do something extra for privacy measures. Take a look on what is happening West Africa: +100k cases only during last year. Dont get me wrong. I am not saying that now we should deanonymize ourselves, show documents or accounts and wallets we have everywhere. I am only saying that reckless people with money will always find troubles. And people dont have to be exactly rich to get into problems with money.

Sure. But it's easier to get a way with crypto. One criminal will think twice of pointing a gun at someone when they can only get small amount of cash unlike with crypto where they could send large sum without limit.

Kidnappers in crypto doesn't need to meet up for the cash. Less risky for them to do this crime because they could just confirm payment thru the explorer.

[arabspaceship123]

They'd want ransom in crypto because they'll mix it to make it anonymous. It's sad to see these bad things happening but it won't stop we'll read about them more.

I'm still not sure why they'd want that amount of payments in crypto, but that's besides the point, it's sad to see all of these happening.

[Baofeng]

They'd want ransom in crypto because they'll mix it to make it anonymous. It's sad to see these bad things happening but it won't stop we'll read about them more.

I'm still not sure why they'd want that amount of payments in crypto, but that's besides the point, it's sad to see all of these happening.

The thing is that if you are in crypto, you better not tell the public or don't flaunt your crypto in you social media otherwise you will be the target of crypto criminals.

We have heard a lot of this kidnappers lately, it's good that if they will keep their victims alive after they pay. But the worst is that they will unalive them and you can't trace the money because they are going to launder it or hide it from authorities.

[Bobcrypto]

Wouldn't it be easier to commit these crimes with cash? Unless these organizations are part of a huge money laundering network, it is difficult to convert these Bitcoins into cash without being caught and compared to cash crimes. Such crimes are still limited, but they alert us to the necessity of privacy and not disclosing what Bitcoins we own.

Yes, those that are are found of making what they have, especially digital coins public will face many temptations. Likewise some people that goes to social networks as  crypto trading teachers or instructors may face similar risk of being kidnapped.
Now that these information of kidnapping is going frenzy, it is better to cease from some irrelevant habits of making financial declaration before unfamiliar Friends who may be pretending to love you where as they are those that may expose you. Lets be vigilant and watch out for people around us

[arabspaceship123]

Stories about kidnappings worry ppl so it's right they shouldn't flaunt their crypto in public. If they're posting about crypto savings in social media they'll face problems. They've got keep some things private or else their inviting danger.

The thing is that if you are in crypto, you better not tell the public or don't flaunt your crypto in you social media otherwise you will be the target of crypto criminals.

We have heard a lot of this kidnappers lately, it's good that if they will keep their victims alive after they pay. But the worst is that they will unalive them and you can't trace the money because they are going to launder it or hide it from authorities.

[electronicash]

Stories about kidnappings worry ppl so it's right they shouldn't flaunt their crypto in public. If they're posting about crypto savings in social media they'll face problems. They've got keep some things private or else their inviting danger.

The thing is that if you are in crypto, you better not tell the public or don't flaunt your crypto in you social media otherwise you will be the target of crypto criminals.

We have heard a lot of this kidnappers lately, it's good that if they will keep their victims alive after they pay. But the worst is that they will unalive them and you can't trace the money because they are going to launder it or hide it from authorities.

CEOs o crypto projects won't be able to stop themselves from posting though. its part of their job to tweet and show off what they do in the industry.

i think those people who also joins the bounty campaigns where they are to tweet and retweet on several social media accounts, so if they are using their real accounts, they are also in sort danger.  and if these kidnappers learns how small the coins they hold, they will just kill these guys since they can;t pay the demands the kidnappers are asking. too bad they show off they have tons of coins.

[Z-tight]

$5 wrench attacks are happening more frequently these days, anything that will make people think you have BTC or crypto, i think it should be avoided. A lot of people have this feeling that anybody who is into crypto is rich, so if they have a chance to kidnap you and force you to send them crypto, they will do it.

[arabspaceship123]

CEO's don't have to stop posting it's their job they're expected to work but ordinary ppl using forums & social media better get used to limiting info about themselves. If they're holding coins for bounties they'll promote it but they'll be at risk of kidnappers but ppl using forums haven't been kidnapped.

CEOs o crypto projects won't be able to stop themselves from posting though. its part of their job to tweet and show off what they do in the industry.

i think those people who also joins the bounty campaigns where they are to tweet and retweet on several social media accounts, so if they are using their real accounts, they are also in sort danger.  and if these kidnappers learns how small the coins they hold, they will just kill these guys since they can;t pay the demands the kidnappers are asking. too bad they show off they have tons of coins.

[philipma1957]

Wouldn't it be easier to commit these crimes with cash? Unless these organizations are part of a huge money laundering network, it is difficult to convert these Bitcoins into cash without being caught and compared to cash crimes. Such crimes are still limited, but they alert us to the necessity of privacy and not disclosing what Bitcoins we own.

Logically, cash is easier to rob, but the potential of Bitcoin is more interesting... a robber can rob a large amount of money without needing a backpack with Bitcoin... even digital transactions make it easier to get money...

Privacy is really something that must be protected, everyone has their own privacy... and strangely enough showing off wealth publicly just to want to be recognized by others, has more negative impacts than positive impacts... so stop showing your balance on social media... it's really useless, even if you write it just for motivation, but

If you steal  BTC and you  wait a while you may think you can mix it a lot and not get caught.

[Z-tight]

CEO's don't have to stop posting it's their job they're expected to work but ordinary ppl using forums & social media better get used to limiting info about themselves. If they're holding coins for bounties they'll promote it but they'll be at risk of kidnappers but ppl using forums haven't been kidnapped.

I also believe that most ceo's will be able to pay for security, especially the big ones, they would also have security advisers and stuffs like that. However, 'ordinary' people may not be afforded that luxury, so it is better to start by keeping shut about what you have, privacy is very important and can save you from losses.

[Rruchi man]

CEO's don't have to stop posting it's their job they're expected to work but ordinary ppl using forums & social media better get used to limiting info about themselves.

When limiting information about yourself, it should not just be to people online because the people online are individuals offline as well, so you also have to be careful with offline individuals and what you tell them concerning yourself because by exposing or divulging too much information about yourself, you may be just putting yourself at risk. If your friends and family who you have told too much information about yourself do not directly attack you, it is not impossible for them to orchestrate and plan with other people from outside to do the evil on their behalf.

[LogitechMouse]

Re: Increasing kidnapping and ransom. Privacy is important.

I guess these isn't only applicable on people that are involved into crypto, but to all people in general.
Even you're not into crypto, you can still be a victim of kidnap and ransom.

I'm saying this because in general, we really need to be private. Unless you're a CEO, or an owner or a huge business, there's no need to brag your money or profits because that will just make you a victim of these kidnappers. Nowadays, these people can just abduct you in broad daylight despite having CCTVs everywhere. It's like they aren't afraid at all.

Let's keep ourselves as lowkey as possible, so we can live the best life that we want. Away from these f*cking kidnappers.

[electronicash]

CEO's don't have to stop posting it's their job they're expected to work but ordinary ppl using forums & social media better get used to limiting info about themselves. If they're holding coins for bounties they'll promote it but they'll be at risk of kidnappers but ppl using forums haven't been kidnapped.

I also believe that most ceo's will be able to pay for security, especially the big ones, they would also have security advisers and stuffs like that. However, 'ordinary' people may not be afforded that luxury, so it is better to start by keeping shut about what you have, privacy is very important and can save you from losses.

they are just going to execute the ordinary ppl, the kidnappers already wasted and risked their lies in kidnapping them and no money to get while they already saw their faces.

there is more reason for us regular people in crypto to just keep our profile low because we can't afford to pay a million USD for our lives. the problem is that regular people are not aware,  they are not conscious that someone with bad intention is actually lurking on the social media network planing to kidnap for ransom.