Chinese Student Held At Ransom For 80 Bitcoin In Australia

Chinese student is held at ransom as kidnappers took him and are now demanding over 80 bitcoins for his release. In the coming altcoin news, we read more about this shocking news.

The Chinese student was kidnapped in Australia where he is studying and according to the Southern Metropolis Daily, the father of the student was contacted by the kidnappers back on August 24^th. The kidnappers demanded more than 80 bitcoin in less than 24 hours and at the current price, this is more than about $AU1.2 million or $810,000 USD. Besides the Bitcoin demand, the kidnappers are also threatening to hurt the student if the funds are 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.”

The kidnappers did not provide a bitcoin wallet address as they indicated that they would only reveal it once the father was ready to pay the ransom. One day before the alleged message from the kidnappers, Jingwang had talked to his father via SMS asking for his email address because he wanted to send him some documents from the University of Technology in Sydney where he is a freshman. The attempts by his father to inquire about how he was faring were not answered to. Alongside the threatening message, the kidnappers also linked a video of the Chinese student laying blindfolded with parts of his face looking bloody. The father was unable to raise the demanded ransom and is currently looking for a visa to travel to Australia. The suspicion is now high that this could also be fake kidnapping.

Cases of fake kidnappings have involved many students across the world and have been on the rise and even the Australian Federal Police was warning about it in 2018.
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Allegedly, the fake kidnapping scams mostly target international students in the country who are forced into participating in the scam and the victims are later informed by the scammers who pose as the Chinese government officials that they have been implicated in serious crimes back in China and will face severe consequences unless they cooperate. The scammers also force victims by giving them fake evidence that they have been kidnapped and this includes filming videos and pictures or they simply ask the victims to stay offline completely and hide as we read about it in other reports in some of the best cryptocurrency news sites.