Chinese authorities have jailed 4 people that had been accused of kidnapping one particular person and demanding “hundreds of bitcoins” as a ransom cost. While the alleged kidnapping is reported to have occurred within the Philippines, the cooperation between the 2 nations finally led to the arrest and eventual sentencing of the Chinese kidnappers.
A Ransom Demand
Four Chinese residents accused of kidnapping and demanding bitcoin as ransom cost have been jailed, China’s Embassy within the Philippines has stated. Two of the accused — specifically, Liu and Zhang — had been handed jail phrases of eight and 12 years, respectively. The remaining two, Cong and Jia, had been sentenced to life in jail.
According to a statement launched by the Embassy, the 4 are believed to have kidnapped a person recognized as “Su” within the Philippines in August 2019. For Su’s protected return, the abductors demanded “hundreds of bitcoins” that are equal to over $3.1 million or greater than 20 million yuan.
The kidnapping prompted the Embassy and home legislation enforcement to launch a manhunt for Su’s captors. According to the assertion, the 4 accused had been finally caught and dropped at justice in 2019.
Meanwhile, in the identical assertion, the Embassy reiterated the Chinese authorities’s zero tolerance for all unlawful and felony actions that embrace on-line playing, telecoms fraud and kidnappings. Also, in a warning directed to Chinese residents dwelling within the Philippines, the Embassy recommended the Chinese authorities’s cooperation with its counterpart will guarantee all Chinese lawbreakers within the Philippines might be dropped at justice.
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