Pavel Lerner who was kidnapped earlier this week has been released after $1m in bitcoins was paid. . Lerner, who runs the Exmo exchange and is a cryptocurrency expert, was kidnapped this week in Kiev on Tuesday but freed on Thursday.
A Ukrainian adviser, said. “He was kidnapped by an armed gang for the purpose of extorting bitcoins,
Operative information states that he paid more than $1m worth of bitcoins.” He was held for around one day and is still in a state of shock.
His Company, Exmo Finance, is registered in the UK with Companies House but also operates in Ukraine.
His Company is one of more than 400 unregulated exchanges who run capital markets in the Crypto World.
The Crypto world is attracting criminal elements. Profitable price gains mean that cyber criminals can operate anonymously.
Bitcoin has more than quadrupuled in value this year alone.
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