A criminal gang in South Africa which kidnapped a teenage boy on Sunday is demanding a ransom in bitcoin cryptocurrency of nearly 120,000, dollars police said.

Police spokesperson Leonard Hlathi said, Katlego Marite, 13, was dragged into a car while playing with two friends near his home in Witbank, a town in the eastern province of Mpumalanga, on Sunday afternoon.
“They demanded that the family should deposit a sum of 15 bitcoins, not in rands,” he told news channel eNCA.


“(The parents) don’t even know what these bitcoins are. They are not dealing in those things. They are in tatters as we speak.”

Although police in South Africa have reported a recent rise in kidnappings, the ransom demand in cryptocurrency appears to be a first.
In December, kidnappers in Ukraine received a ransom worth more than one million in dollars bitcoins for releasing their victim – an employee of a British cryptocurrency exchange.(Reuters/NAN)


https://www.google.com.ng/amp/s/www.vanguardngr.com/2018/05/kidnappers-demand-ransom-bitcoin-free-teenager/amp/

The beginning of the end, how will they now trace the kidnappers if eventually the Ransome is paid?

Lalasticlala

You posted a news,
You commented first.

No more cash, nah Bitcoin dey rain

.........E don be for the victim be dat

NwaAmaikpe:



You posted a news,
You commented first.

I needed to ask that question, this one go hard even for our Nigerian jack bauer

toomush:
The beginning of the end, how will they now trace the kidnappers if eventually the Ransome is paid?

Even if they pay in local currency into a local bank account, African police will still not be able to trace the kidnappers!

Welcome to the E-world

RoyalBlak007:


Welcome to the
E-world

Where crime will thrive?

thesicilian:

Even if they pay in local currency into a local bank account, African police will still not be able to trace the kidnappers!

Many criminals have being caught through that means

Na wa o

ManBeast:
No more cash, nah Bitcoin dey rain

hmm, these kidnappers just abduct person sun, I be wan ask weather you know am.
If you try forecast the boy future, you go sea say he get a very shinning star

thesicilian:

Even if they pay in local currency into a local bank account, African police will still not be able to trace the kidnappers!

Sure way. if bro EVANS hear this method now him go kolo

As no be hear,this if know to many persons they would eventually turn to crime.This is now becoming real