Copper Hits New Highs - This Junior Could Be Next

Copper's record demand meets shrinking supply. One undervalued junior controls critical copper-nickel mines and is fully funded for explosive growth. Insiders are quietly loading up.

Crypto crime spills over from behind the screen to real-life violence

DAVE COLLINS
May 29, 2025

HARTFORD, Conn. (AP) -- A man says he was tortured for weeks in a New York townhouse. Another in Paris was held for ransom and his finger cut off. A couple in Connecticut were carjacked, beaten and thrown into a van.

All, authorities allege, were victims tied to cryptocurrency-related crimes that have spilled out from behind computer screens and into the real world as the largely unregulated currency surges in value.

While crypto thefts are not new, the use of physical violence is a far more recent trend, said John Griffin, a finance professor at the University of Texas in Austin who tracks financial crimes.

"I think this kind of physical violence is a natural manifestation of the emboldened nature of crypto activities," he said. "Things that might clearly be outside of social norms in other spaces -- like robbing a bank -- are somehow just part of the game here."

Kidnapping, burglary and torture allegations

In the New York case, two American crypto investors -- John Woeltz and William Duplessie -- have been arrested on kidnapping and assault charges in recent days after a 28-year-old Italian man told police they tortured him for weeks to get his Bitcoin password. Attorneys for both men declined to comment.

While the allegations are still emerging, they come just weeks after 13 people were indicted on federal charges in Washington, D.C., accused of combining computer hacking and money laundering with old-fashioned impersonation and burglary to steal more than $260 million from victims' cryptocurrency accounts.

Some are accused of hacking websites and servers to steal cryptocurrency databases and identify targets, but others are alleged to have broken into victims' homes to steal their "hardware wallets" -- devices that provide access to their crypto accounts.

The case stemmed from an investigation that started after a couple in Connecticut last year were forced out of a Lamborghini SUV, assaulted and bound in the back of a van. Authorities allege the incident was a ransom plot targeting the couple's son -- who they say helped steal more than $240 million worth of Bitcoin from a single victim. The son has not been charged, but is being detained on an unspecified "federal misdemeanor offense" charge, according to online jail records. Police stopped the carjacking and arrested six men.

Meanwhile in France, kidnappings of wealthy cryptocurrency holders and their relatives in ransom plots have spooked the industry.

Attackers recently kidnapped the father of a crypto entrepreneur while he was out walking his dog, and sent videos to the son including one showing the dad's finger being severed as they demanded millions of euros in ransom, prosecutors allege. Police freed the father and arrested several suspects.

Earlier this year, men in masks attempted to drag the daughter of Pierre Noizat, the CEO and a founder of the Bitcoin exchange platform Paymium, into a van, but were thwarted by a shopkeeper armed with a fire extinguisher.

And in January, the co-founder of French crypto-wallet firm Ledger, David Balland, and his wife were also kidnapped for ransom from their home in the region of Cher of central France. They also were rescued by police and 10 people were arrested.

Cryptocurrency crime likely fueled by big money, little regulation

The FBI recently released its 2024 internet crime report that tallied nearly 860,000 complaints of suspected internet crime and a record $16.6 billion in reported losses -- a 33% increase in losses compared with 2023.

As a group, cryptocurrency theft victims reported the most losses -- more than $6.5 billion

The agency and experts say the crypto crime underworld is likely being fueled by the large amounts of money at stake - combined with weak regulation of cryptocurrency that allows many transactions to be made without identity documents.

Violence may be increasing for several reasons including that criminals believe they can get away with crypto theft because transactions are hard to trace and often cloaked by anonymity, according to the crypto tracing firm TRM Labs. And crypto holders are getting easier to identify because of the prevalence of personal information online and people flaunting their crypto wealth on social media, the firm says.

Phil Ariss, TRM Labs' director of UK public sector relations, said crypto also may be attracting criminal groups that have long used violence.

"As long as there's a viable route to launder or liquidate stolen assets, it makes little difference to the offender whether the target is a high-value watch or a crypto wallet," Ariss said in a statement. "Cryptocurrency is now firmly in the mainstream, and as a result, our traditional understanding of physical threat and robbery needs to evolve accordingly."

Continue Reading...

Popular

Shaq Rolls Up In A Cybertruck — Elon Musk Has This One-Word Response

Elon Musk gave a one-word response to NBA legend Shaquille O'Neal's customized Tesla Cybertruck.

Here's the late changes Republicans made to Trump's big bill

WASHINGTON (AP) — Republicans made several eleventh-hour changes to their massive as they tried to win over GOP holdouts and pass the bill through the House.

This Could Be the Perfect Copper Play Right Now - Ad

Copper prices surge as global supply cracks. One junior mine developer controls 24.7M tonnes of high-grade copper-nickel (Inferred) at its flagship mine-backed by big money and aggressive drilling.

Only 3 Mag 7 Stocks Pass Peter Lynch's Favorite Valuation Test - Tesla Isn't One of Them

Lynch's PEG ratio helps identify true growth stocks, Mag 7 of Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, Tesla evaluated, only 3 pass.

Major Copper-Nickel Discovery on the Move - Ad

Copper is called the new oil, with prices hitting decade highs. One junior has two strategic copper-nickel assets already producing high-grade results. Institutions and strategic investors are all in.

Appeals court allows Trump’s anti-union order to take effect

WASHINGTON (AP) — An appeals court has cleared the way for President Donald Trump's executive order aimed at ending collective bargaining rights for hundreds of thousands of federal employees while a lawsuit plays out.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

RFK Jr.'s MAHA report raises concerns about vaccines, American foods and prescription drugs

WASHINGTON (AP) — A government report released on Thursday covering wide swaths of American health and wellness reflects some of the most contentious views on vaccines, the nation's food supply, pesticides and prescription drugs held by U.S. Health and Human Services Secretary .

Trump's Plan To 'Rip The Waste Out' Means End Of The Road For The Penny, But What Happens When Cash Totals Jump To The Next Nickel

The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to round transactions to the nearest nickel. Other countries have done the same without inflation. But will the change be seamless?

Copper Hits New Highs - This Junior Could Be Next - Ad

Copper's record demand meets shrinking supply. One undervalued junior controls critical copper-nickel mines and is fully funded for explosive growth. Insiders are quietly loading up.

BYD Outsells Tesla In Europe, But These ETFs Still Back Elon's EV Empire

The Chinese carmaker BYD outsold Tesla in Europe's BEV segment for the first time in April. But markets see Tesla's long-term potential and ETFs still hold it as a top holding.

Jury convicts New York-Paris flight stowaway who slipped past gate agents

NEW YORK (AP) — A jury on Thursday convicted a woman who sneaked onto a flight from New York to Paris without a boarding pass by slipping past security and airline gate agents at John F. Kennedy International Airport last year.

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Assad's fall in Syria turned Turkey and Saudi Arabia from rivals to partners. Will it last?

BEIRUT (AP) — Sunni regional powerhouses and have had a complicated and often contentious relationship over the years. But their ties warmed significantly after in a lightning .

Republicans look to get Trump's big bill back on track with rare Sunday committee session

WASHINGTON (AP) — Republicans will look to get their massive tax cut and border security package back on track during a rare Sunday night committee meeting after that same panel advancing the measure two days earlier, a setback that Speaker Mike Johnson is looking to reverse quickly.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

As Tesla Stock Witnesses Nearly 45% Surge In One Month, Elon Musk Asks Minnesota Governor Tim Walz, 'How's Your Day Bro?'

Elon Musk took a public jab at Minnesota Governor Tim Walz after Tesla stock surged nearly 45% in a month, clapping back at earlier criticism with a pointed post on X.

Trump signs executive orders to boost nuclear power, speed up approvals

WASHINGTON (AP) — President Donald Trump signed executive orders Friday intended to quadruple domestic production of nuclear power within the next 25 years, a goal experts say the United States is highly unlikely to reach.

The Next Big Thing in AI: Musk's Secret Supplier - Ad

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

A little bit of farm, a little bit of suburbia: That's the recipe for Agritopia

GILBERT, Ariz. (AP) — Just steps from the porticos, patios, clay-tiled roofs and manicured lawns of suburbia, Kelly Saxer has gotten used to questions. As she weaves through tomato vines, snaps asparagus and generally gets her hands dirty, visitors and even some nearby residents want to know what she’s doing — and how the farm where she works wound up here.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Semtech Slides Despite Record Q1 Sales: 4 Analysts Maintain Ratings

Shares of Semtech Corp (NASDAQ: SMTC) fell despite upbeat quarterly results. Analysts remain positive with raised price targets and strong growth.

Honeywell Deepens Renewable Fuels Push With $2.4 Billion Deal

Honeywell (NASDAQ: HON) to acquire Johnson Matthey's Catalyst Technologies division for $2.4B, expanding portfolio and high-growth opportunities.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Rights groups say migrant workers are dying on Saudi job sites as kingdom prepares for World Cup

DUBAI, United Arab Emirates (AP) — Scores of laborers from countries including India, Bangladesh and Nepal have faced preventable deaths from electrocution, road accidents, falling from heights, and more while working in Saudi Arabia, according to a report Wednesday by the advocacy group Human Rights Watch.

Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. markets closed higher on Tuesday, with the S&P 500 ending the day 2.05% higher at 5,921.54, while the Dow Jones Industrial Average rose 1.8% to 42,343.65. The Nasdaq also spiked nearly 2.5% to 19,199.16. These are the top stocks that gained the attention of retail traders and investors throughout the day:

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Billion dollar pizza? Bitcoin soars on key anniversary of crypto's growth

It’s not an official holiday – yet – but for many cryptocurrency enthusiasts “Bitcoin Pizza Day” is still special. Thursday marks the 15th anniversary of the first known use of cryptocurrency to buy real-world goods.

Costco, Dell, Marvell Technology, Ulta Beauty, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Thursday, major U.S. indexes brushed off an appeals court decision to uphold Trump tariffs temporarily and closed higher. The Dow Jones Industrial Average climbed 0.3% to 42,215.73.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Qatar Airways reports earning a $2.15 billion profit in its last fiscal year, a record for carrier

DUBAI, United Arab Emirates (AP) — The holding company that owns Qatar Airways reported Monday it earned a $2.15 billion profit in its last fiscal year, its highest-ever profit off the back of record passenger numbers as global aviation bounces back after the coronavirus pandemic.

Asian shares slip as worries about U.S. debt send Wall St tumbling

TOKYO (AP) — Asian shares fell Thursday after Wall Street slumped under pressure from the Treasury bond market and worries about surging

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Senate clears way to block clean air standards in California, including vehicle emission rules

WASHINGTON (AP) — Senate Republicans on Wednesday voted to establish a new precedent that will allow them to roll back , including a rule phasing out the sale of new gas-powered cars by 2035.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service