A Brazilian police investigation led to the arrest of four suspects who kidnapped the mother of a crypto trader, demanding a ransom of approximately 600,000 USD worth of Bitcoin. The attack reflects growing risks faced by crypto traders and their families.
The surge in ‘wrench attacks’, where criminals target family members for cryptocurrency ransoms, raises alarms. Law enforcement indicated recovery of the stolen Bitcoin would be difficult, highlighting the need for vigilance in the cryptocurrency space.
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