In a recent court hearing, a Florida man named Michael Rivas pleaded guilty to charges of kidnapping and conspiracy related to a Bitcoin heist investigation. The case involved the abduction of a couple in Connecticut and has gained national attention due to its potential connection to a $240 million crypto heist. Rivas admitted his involvement in the failed ransom plot, which stemmed from a co-defendant's vendetta. Both parties have agreed upon a recommended prison term of 11 to 14 years, with sentencing scheduled for May 13. The suspects had intended to demand a ransom from the couple's son, who they believed had access to significant cryptocurrency holdings. The plot was quickly unraveled as witnesses alerted local police, and four of the six suspects were apprehended. The remaining two suspects were later arrested at a nearby Airbnb rental property. Although there has been no public confirmation of a direct link between the kidnapping and the cryptocurrency theft, federal investigators are investigating potential connections. Two other suspects have been charged in the cryptocurrency theft case, and authorities estimate that at least $100 million of the stolen funds remain unaccounted for.



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