Abductors take Rs 1.3 cr ransom in bitcoins from UP bizman

Lucknow: In a first-of-its-kind crime reported in the state capital, three persons, who had held a real-estate businessman captive, used cryptocurrency to take a ransom of Rs 1.3 crore in bitcoins before releasing him.
The matter came to light a week after the police arrested the three persons — Sandeep Pratap Singh, Vijay Pratap Singh and Rajveer Singh.
Police said that the arrested accused were aware that the victim traded in cryptocurrency.
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According to police, the three abducted Arjun Bhargava of Indraprasth Grand near Kalindi Park in Vrindavan Yojana, on the pretext of showing him a plot in Barabanki on August 7.
They held him hostage at a house where they thrashed him, trained a pistol on him, and got Rs 1.3 crore in bitcoins transferred to their account.