A man named Finbar Hughes is currently wanted by Calgary police for allegedly attacking a home and starting a fire after failing to extort Bitcoin from the residents. The police are seeking information from the public to help locate Hughes. This incident is not the first arson crime in the region, as another individual was recently arrested for setting fire to a home. It has become increasingly common for criminals to demand Bitcoin or other digital assets with threats of physical harm. A recent Chainalysis report revealed a significant increase in crypto ransomware attacks and payments, with 2024 on track to be a record-breaking year. It is important for individuals to safeguard their digital assets and remain vigilant against illegal activities in the crypto sector.



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