China Jails Kidnappers That Demanded 'Hundreds of Bitcoins' as Ransom Payment

[Back to the list] China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding "hundreds of bitcoins" as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand Four Chinese citizens accused of kidnapping and demanding bitcoin as ransom payment have been jailed, China's Embassy in the Philippines has said. Two of the accused — namely, Liu and…