8-year-old Abducted in Karnataka, Kidnappers Seek Ransom in Bitcoins
News 18An eight-year-old boy, the son of a hardware shopkeeper, was kidnapped by a four-member gang of criminals on Thursday evening and the kidnappers have demanded ransom in “bitcoins”, which is believed to be the first-ever such case in Karnataka. Initially they demanded 100 bitcoins, valued around Rs 17 crore and then renegotiated the amount to Rs 10 crore which had by Friday afternoon, reached a stage where the ransom amount came down to Rs 25 lakh, a police officer told IANS. Another senior police officer said that the four-member gang, yet to be identified, abducted the boy when he was playing along with his grandfather. We’ve got some leads and we hope to nab them soon,” the officer said and added that the police have formed four teams to nab the gang.