China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment – Regulation Bitcoin News


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Chinese authorities have jailed 4 people that had been accused of kidnapping one particular person and demanding “hundreds of bitcoins” as a ransom cost. While the alleged kidnapping is reported to have occurred within the Philippines, the cooperation between the 2 nations finally led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand Four Chinese residents accused of kidnapping and demanding bitcoin as ransom cost have been jailed, China’s Embassy within the Philippines has stated. Two of the accused — specifically, Liu and Zhang — had been handed jail phrases of eight and 12 years, respectively....