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Author: Admin | 2025-04-27
Taking matters into their own hands and blamed the “fuzzy area crypto continues to operate.”“Because crypto straddles the legal and illegal worlds, it is regarded by many as a place where law enforcement does not tread. As a result, retribution and revenge are, for some, the only recourse they have,” he said. In April, a 48-year-old woman was abducted and murdered in the affluent Gangnam District in Seoul, with her assailants suspected of trying to get revenge over a failed crypto investment scheme.In March, a self-proclaimed Candian “crypto king” was kidnapped and beaten over three days after he reportedly scammed investors out of millions of dollars. At least one of his alleged captors was one of the dozens of investors who lost money to the alleged scam. Fortunately, the man survived. Video has emerged of self-proclaimed 'Crypto King' Aiden Pleterski apologizing to investors while appearing badly beaten from a kidnapping pic.twitter.com/jbhv6EuB6C— 6ixBuzzTV (@6ixbuzztv) July 18, 2023“There are people being targeted because they hold crypto or they’ve been involved in some shady deals […] There are robberies, there are people that are getting murdered because they hold crypto,” added Gamble. Crypto holders are easy targetsSome of the deaths could simply be because rich crypto millionaires are seen as easy targets amid a time when the cost of living continues to drive upward. “Crypto is easy to move and easy to steal. Try walking into a bank and taking some money. Yeah, good luck with that. But beat the crap out of someone and drill holes in them? You’ve got a chance of getting away with it,” wrote Hussey.Gamble said there is “no doubt” that organizations out there are targeting and issuing hits on people who hold a lot of crypto. “Organized crime figures are going after crypto because it’s not money in the bank; it’s crypto that you can take off someone — like cash.”“You can steal their credentials and pack their laptop, and if you’ve got their passphrase, you’ve actually got their money.”Or, it has nothing to do with cryptoOf course, there is also a good chance that most of the deaths have nothing to do with crypto or nefarious people at all. Out of the 10 reported deaths since November 2022, only the Gangnam woman’s murder in Seoul was seen as the direct result of her connection to crypto. None of the reports have mentioned any cryptocurrency being stolen by their suspected assailants either. Not to mention, three of the deaths aren’t even being treated as potential homicide.At the same time, one could also argue that the rise in reported deaths is simply a result of more mainstream coverage of crypto. The number of crypto deaths reported by mainstream
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