Dubai Crypto Manager Abducted for €1M Ransom Has Been Rescued in Spain
- A crypto manager of a Dubai-based firm was kidnapped while on vacation in Spain.
- The kidnappers demanded €1 million for his release.
- The police rescued the victim and apprehended the kidnappers.
A crypto portfolio manager of a Dubai-based firm was recently kidnapped by his new Albanian colleagues and held for ransom while on vacation in Benalmádena, Spain. This development was captured in a Spanish report over the weekend.
According to the report, the victim had been partying with the group for several days and met them at a luxury villa, where they tied him up and demanded €1 million for his release. While the kidnappers allowed the victim to use his phone to contact the person to pay the ransom, he managed to send a photo through the window to a colleague, who then reported the incident to the police.
The police immediately began an investigation to locate the victim and free him. The police discovered the villa where the kidnappers were holding the victim using the information provided by the colleague.
In a coordinated operation involving 50 police officers, the kidnappers were apprehended, and the victim was safely rescued. During the process, the police found a room full of plastic, weapons, and gardening tools, such as pruning shears and saws.
The report also identified that one of the kidnappers had multiple false identities and records of crimes, while two had false Greek passports. The kidnappers are now in police custody and are expected to be charged with kidnapping, illegally possessing weapons, and injuries.
The kidnapping of the crypto manager is a reminder of the growing risks associated with cryptocurrency and the need for caution when meeting new acquaintances and for increased security measures to protect against such criminal activities.
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This story originally appeared on Investing