Five men convicted after demanding $150,000 from two French crypto investors during a 52-hour ordeal in London.
Five men were convicted of false imprisonment after abducting two French cryptocurrency millionaires in London and holding them for 52 hours. The victims transferred $30,000 of a $150,000 ransom demand during the incident last July.
Prosecutors stated the men’s lavish lifestyles, documented on social media, may have attracted the gang’s attention. The victims were ambushed, bound, beaten, and subjected to boiling water during their captivity.
Police traced the suspects using a phone left at the scene, leading to arrests. The case highlights risks associated with public displays of wealth in the crypto sector.