- A cryptocurrency trader jumped from a third-floor balcony in Marbella to escape kidnappers demanding €30,000 in ransom.
- Spanish police discovered 25kg of pink cocaine, firearms, and €10,000 during the apartment raid.
- The victim managed to alert authorities by pretending to contact a client for crypto access codes.
- Three suspects were arrested as they attempted to flee the scene.
- This incident adds to a growing pattern of crypto-related kidnappings in 2025.
A cryptocurrency trader suffered severe injuries after leaping from a third-floor balcony in Marbella, Spain, in a desperate attempt to escape kidnappers who demanded €30,000 ($31,000) in cryptocurrency. The incident, which occurred in early February 2025, highlights the increasing risks faced by digital asset professionals.
The 34-year-old victim was initially lured to an apartment in Estepona for drinks, where the situation quickly escalated into a hostage scenario. The kidnappers reportedly threatened torture unless the trader transferred cryptocurrency from client accounts, according to local media reports.
In a tactical move, the victim feigned cooperation while actually contacting a friend instead of accessing crypto wallets. This decision proved crucial for his eventual rescue, though his escape attempt resulted in serious injuries including two broken ankles from the 30-foot fall.
Spanish authorities discovered a substantial criminal operation during their raid, seizing:
– 25kg of pink cocaine (a designer drug typically containing ketamine)
– Two firearms
– €10,000 ($10,300) in cash
– Three knives
– Luxury watches
This case follows a disturbing trend of crypto-related kidnappings, including the recent assault on David Balland, a crypto wallet CEO who lost a finger to attackers demanding ransom.
Additionally, in Pakistan, a Counter-Terrorism Department official faces charges for allegedly orchestrating the theft of $340,000 in USDT (Tether, a dollar-pegged cryptocurrency) using law enforcement resources.
The incident underscores the growing security concerns within the cryptocurrency industry, where the pseudonymous nature of transactions and potentially high values make traders particularly vulnerable to targeted attacks.
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