Summary:
Four men kidnapped a victim in Portland to steal his cryptocurrency passcode.
The victim was tied to a post and beaten in a rural area.
Suspects face federal charges for kidnapping and conspiracy.
Incident underlines the risks associated with cryptocurrency ownership.
Shocking Kidnapping Incident
On November 10, 2023, a man was kidnapped in downtown Portland and taken to a rural area of Banks, Oregon. He was tied to a post with duct tape and subjected to beating in an attempt to extract the passcode to his cryptocurrency wallet. A passerby discovered the victim early the next morning, who appeared to have endured torture.
Federal Charges Filed
The four suspects, who flew from Florida to commit this heinous act, now face federal charges of kidnapping and conspiracy to kidnap. They were arrested in Florida and subsequently transported to Oregon to face the legal proceedings in the U.S. District Court in Portland. This incident raises serious concerns about safety in the realm of cryptocurrency, highlighting the lengths to which individuals may go to obtain digital assets.
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