Crypto Assets traders have become new targets for kidnapping and ransom, with ransom amounts exceeding $1.1 billion in 2023 encryption.

Crypto traders have become new targets for kidnapping and ransom, with ransom amounts exceeding $1.1 billion in 2023. Several recent cases have highlighted this trend. In France, a man was kidnapped nearly 500 kilometers away, and the kidnappers demanded a ransom from his son, who is an influential figure in the encryption field, through the encryption network. In Pakistan, a trader was forced to transfer $340,000 through CEX. The CEO of WonderFi in Canada was released after paying a ransom of millions of dollars for his kidnapping. According to data from blockchain analysis firm Chainalysis, ransomware groups have extorted over $1.1 billion from victims through cryptocurrency in 2023. The rapid expansion of the encryption market is attracting more criminal activity and increasing risks to investor security.

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