Six Malaysian Kidnappers, including a couple, were charged with kidnapping a Chinese national and demanding a $1 million ransom in Tether.
The abduction of a Chinese national and the demand for a ransom of 4.44 million Malaysian ringgit ($1 million) in Tether were the charges against six Malaysian nations, including a married couple and four individuals.
At one of the exits of an expressway that connects the cities of Kuala Lumpur and Putrajaya on July 11, the accused, who are allegedly between the ages of 25 and 29, allegedly abducted the man. The group subsequently demanded the victim’s release in exchange for a 1 million USDT ransom.
Malaysian Kidnappers Demanding Ransom in Stablecoin
Malay Mail, a local media outlet, reports that the charge document alleges the wrongful detention of the Chinese man in exchange for a ransom of 1,007,696 USDT.
The six accused pled not guilty to the abduction charges on August 15. Nevertheless, the alleged kidnappers were denied parole by Judge Amir Effendy, and the subsequent court hearing was scheduled for October 8. He exercised authority:
In the interim, the local police are also conducting an investigation to identify four additional suspects who are associated with the abduction. All of these individuals are members of an 18-person crew of seasoned kidnappers.
A More Extensive Organization of Cryptocurrency Criminals
Datuk Hussein Omar Khan, the police chief of Selangor, verified that four additional members of the gang were fatally shot in separate incidents on August 3.
The six Malaysians will be subject to a minimum prison sentence of 30 years or a maximum of 40 years, as well as caning, if they are found guilty under the Kidnapping Act.
Akmal Nasrullah Mohd Nasir, the Deputy Minister of Energy Transition and Water Transformation, recently disclosed that illicit crypto-mining operators squandered $723 million in electricity between 2018 and 2023.
“The theft of electricity by cryptocurrency miners occurs because they believe that this activity cannot be detected due to the absence of meters on their premises,” Nasir explained at an event that was dedicated to the destruction of 2,022 seized items, including Bitcoin mining machines and electrical equipment, valued at approximately $467,000.
