A Syrian cryptocurrency dealer was recently freed from the grasp of three kidnappers who were trying to extort an exorbitant ransom of over $1.1 million. Spanish law enforcement was informed by another colleague of the victim when he was able to notify them of his whereabouts. After receiving the information, Spanish law enforcement launched a successful investigation and raid that led to the capture of the trio who were found with weapons and fake identity documents.

The incident began when the Syrian crypto dealer met the trio to party one night, however, when they re-convened the following day, the trio pounced. They demanded the ransom from the dealer, who is based in Dubai, and intended for him to access applications used for his business to contact the intended recipient. During his captivity, the dealer was able to take a photo and secretly send it to his colleague.

The colleague quickly notified an acquaintance of the victim to provide the needed information for law enforcement to begin their investigation. The investigation concluded with the raid on a villa located in Benalmádena and immediately captured the kidnappers who were in possession of weapons and fake identity documents.

The Syrian crypto dealer taken hostage by the trio is now safe and was in contact with Spanish law enforcement throughout the entire ordeal to provide information needed to help aid the investigation. Unfortunately, kidnapping incidents revolving around cryptocurrencies are becoming more frequent because of the underlying anonymous nature of the transactions that can be easily tracked. This is why it's important to always remain vigilant and aware of the safety of doing business in the cryptocurrency world.



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