CCTV: HK billionaire kidnapped and ransom asked to be paid in bitcoin

[uwichii]

These guys watch too much movies... It would be better for them to demand this in international wire transfers to offshore bank accounts or to take this in smaller quantities in

many different locations. They are after all linked to Triad gangs and can easily force someone to do the pickups for them and have zero chance of being captured.

Bitcoin is absolutely the worst way to pay ransom demands... if they want to convert it to fiat to fund their other operations. Crazy stuff.... and nowhere close to the best

option for this kind of thing.  Roll Eyes

[intristin]

I bet that mother fuckers sucurity detail will be better than the US Presidents for the rest of his life.

[Corealz]

It would publicly available where those bitcoins are transferred. I wonder how they will be able to cash out all 30k without being caught?

[aakashsangwan]

It would publicly available where those bitcoins are transferred. I wonder how they will be able to cash out all 30k without being caught?

i think they can trace out then i think  you cannot trace out where the bitcoins went because by the address you cannot find who is owning and where it went. ya but now if any new security is launched then cannot say about it. and i think the kidnapper would sooonly sell the bitcoin they will hold for long and then will sell slowly.

[Blue_Tiger73]

I guess criminals are now getting into the bitcoin business. I wonder how he got that amount of bitcoin, I guess he's a billionaire after all.