80 Bitcoin Ransom Demanded in Alleged Down Under Kidnapping of Chinese Student
A Chinese student studying in Australia is allegedly being
held at ransom with the kidnappers demanding Bitcoin worth over a million Australian
dollars before they can release him.
According to the Southern Metropolis Daily, the father of the 20-year old student was contacted by the kidnappers on August 24th. The kidnappers demanded 80 Bitcoin within 24 hours. At the current BTC price, this is approximately $AU1.2 million ($US 810,000).
Pay up the Bitcoin or
Besides the Bitcoin demand the kidnappers also threatened to
harm the student if the funds were not sent:
“We have your son, if you don’t want him to have an accident, if you want him to return soon, then meet our demands.”
A Bitcoin wallet address was, however, not provided by the kidnappers
as they indicated they would only reveal it once the father was ready to pay
Real or staged Kidnap?
A day before the alleged message from the kidnappers,
Jingwang had contacted his father via SMS asking for his email address as he
wanted to send him documents from the University of Technology Sydney where he
is a freshman. Attempts by his father to inquire about how he was faring were
not responded to though.
Alongside the threatening message, the kidnappers also sent a video of Jingwang blindfolded with parts of his face looking bloody.