Canadian Man in Hiding After Claims of Bitcoin-Related Abduction Attempts

An unnamed Canadian crypto discussion board moderator was reportedly compelled to enter hiding along with his household following an alleged kidnap try the place the criminals meant to steal his Bitcoin.

In response to the native press, the person has been compelled to maneuver his household from one Airbnb to the following as a result of the police are apparently unable to ensure their security.

Criminals Supposed to Torture Sufferer

Talking concerning the tried kidnapping, the daddy of 4 told the Quebec newspaper La Presse that his would-be abductors had been ready to mete out violence on him and his youngsters to realize their objective. He stated that they had torture gear and doubtless meant to chop one in every of his limbs utilizing a two-foot by two-foot tarpaulin with a gap within the center and claws round it.

The sufferer’s ordeal started on November 4, 2024, when two masked males threatened him outdoors his home, however he managed to lock his door earlier than they might acquire entry. On November 8, he claimed to have observed a black automobile with out a license plate parked close to his dwelling, prompting him to contact the police.

A number of days later, the person stated he discovered himself behind the identical unusual car on a major street earlier than it abruptly swerved, inflicting him to tug over. One of many automobile’s occupants then reportedly pulled a gun on the unidentified particular person, forcing him to make use of pepper spray to defend himself.

Following investigations, police arrested 4 suspects, with two of them showing in court docket in November 2024, accused of plotting an abduction and being in possession of unlawful firearms. Having no prior felony data, the alleged assailants had been launched on bail and confined underneath home arrest till March 2025, when their trial was scheduled to start.

The transfer left the crypto fanatic dwelling in worry, as he suspected his attackers could have hyperlinks to organized crime, compelling him to search out short-term lodging somewhere else.

In response to the police, the culprits focused the sufferer, believing he owned 2.5 million BTC after being misled by posts on a Fb web page he had been moderating for the previous couple of years. Nevertheless, the person claims his Bitcoin holdings could also be price solely $10,000 at most.

Rising Threats

In response to Casa co-founder Jameson Lopp, there have been greater than 100 physical attacks on BTC holders in the previous couple of years. In October 2024, the crypto safety skilled launched an archive chronicling a number of violent encounters digital asset homeowners had confronted, together with stabbings in New York Metropolis and kidnappings in Lithuania and Turkey.

This newest case indicators rising crypto-related abductions, particularly in Canada. In November final yr, Dean Skurka, CEO of distinguished crypto agency WonderFi, was reportedly hijacked in Toronto and compelled to pay $720,000 to safe his launch.

In the identical month, Montreal police discovered the physique of crypto influencer Kevin Mirshahi, who had been kidnapped earlier within the yr together with three others. Mirshahi had been accused of selling a pump-and-dump scheme involving a cryptocurrency referred to as Marsan (MRS), whose worth plummeted by greater than 90%, inflicting untold losses to 1000’s of traders.