Four people who kidnapped and held a Brazilian woman until her son paid a ransom of five bitcoins have been arrested, according to local news reports.
Police in the northeastern city of Recife, located in Brazil’s Pernambuco state, said they arrested the gang that conspired to kidnap a retired professor, who is also reportedly the mother of a man working in crypto.
Back in March, the gang kidnapped the mother and held her in captivity at gunpoint for more than 12 hours until her son, who lives in Portugal, paid the ransom of five bitcoins, which the authorities say was at the time worth R$3.3 million (about $600,000 currently).
The group, made up of two men and two women, had apparently been stalking the son’s social media before kidnapping the mother.
Sadly, kidnapping and crypto are far from uncommon. Large crypto holders in France, United Kingdom and United States have also been targeted. Last month, three men were sentenced to 12 years each in prison for kidnapping the wife of a crypto investor in Belgium.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
