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Spain Arrests Five in Violent Kidnapping of Cryptocurrency Holders as Global Crypto Crime Wave Grows

COINOTAG News, December 11, reports, citing Ibtimes, that Spanish police exposed a violent abduction case targeting cryptocurrency holders. In the incident, a man and his partner were kidnapped; the abductee was shot while fleeing and later found deceased in a forest near Mijas in Málaga. Authorities have detained five suspects in Spain, while four others face charges in Denmark, highlighting the transnational reach of crypto-focused criminal networks. As the crypto market rebounds, such violent episodes have appeared more frequently worldwide, with 2024 incidents affecting residents in Canada, France, the United States, and Paris. Investigators say criminals routinely compel victims to disclose wallet passwords or biometric access during captivity. Security experts caution that these recurring crimes reflect a growing expertise in exploiting crypto assets, underscoring the need for robust risk controls, improved wallet protection, and stronger cross-border law enforcement cooperation.

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    Spain Arrests Five in Violent Kidnapping of Cryptocurrency Holders as Global Crypto Crime Wave Grows - Breaking News