Kidnapped South African Businessman Released for 50 Bitcoins Ransom

Kidnapped South African Businessman Released for 50 Bitcoins Ransom

Bitcoin News
September 19, 2018 by Sandra Onyeiwu
1232
South African businessman Liyaqat Parker, based in Cape Town, South Africa was released on Monday after being kidnapped by five unknown men on July 9. The circumstances of his release, including whether the Bitcoin ransom was paid, remain unclear as his family declined to divulge further information. Although the ransom is believed to have been
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South African businessman Liyaqat Parker, based in Cape Town, South Africa was released on Monday after being kidnapped by five unknown men on July 9.

The circumstances of his release, including whether the Bitcoin ransom was paid, remain unclear as his family declined to divulge further information. Although the ransom is believed to have been paid.

The relieved Parker family confirmed his return in a statement on Tuesday morning, a day after he was released.

“The Parker family wishes to express their sincere gratitude to everyone who has walked this journey with them and provided physical, emotional and spiritual support. It is truly appreciated,” the statement read.

Bitcoin has been favored by criminals due to its relatively anonymous nature. Statistics provided by the South African police, for example, suggest that parker’s kidnapping follows 14 similar cases recorded since 2015, resulting in the death of at least one businessman. Two others remain missing.

 

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