A Venezuelan man staged his own kidnapping to steal 1,150,000 worth of Bitcoin

According to the Scientific, Penal, and Criminal Investigation Service Corps (CICPC), a Venezuelan man allegedly defrauded his victims by masterminding a fake kidnapping to steal $1.15 million worth of Bitcoin.

Man fakes his own kidnapping to steal $1,150,000 worth of Bitcoin

According to the authorities, a 23-year-old man is Andrés Jesús Dos Santos Hernández. He told his victims that their funds had been stolen.

Then, Hernández devised a fake story about his captors forcing him to move his assets from Binance to multiple wallet addresses. Of course, this is just his trick. Until now, the identity of the scammer is still a mystery.


Andrés Jesús Dos Santos Hernández

Earlier this month, a Venezuelan businessman Gustavo Torres González was killed after his family members were unable to pay the 0.5 BTC ransom demanded by the victim kidnappers.

In late 2017, an executive of cryptocurrency exchange Exmo was kidnapped in Ukraine but was later released after paying a $1 million ransom.

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