Kidnapping Of Bitcoin Exchange Executive Showed Importance Of Financial Privacy

UK-based Bitcoin and cryptocurrency exchange Exmo Operator Pavel Lerner, who was kidnapped outside of his office in Kiev, Ukraine, on Dec. 28, has paid $1 mln in ransom to be set free.

The recent abduction of UK-based Bitcoin and cryptocurrency exchange Exmo Operator Pavel Lerner has demonstrated the importance of financial privacy for cryptocurrency users.

Earlier this week, BBC initially reported that Lerner kidnapped outside of his office in Kiev, Ukraine, on Dec. 28, by a group of individuals who dragged him at knife point to a black Mercedes and drove off the scene. At the time, Anatoliy Larin, the spokesperson of the exchange, stated:

“Despite the situation, the exchange is working as usual. We also want to stress that nature of Pavel’s job at Exmo doesn’t assume access either to storages or any personal data of users. All users’ funds are absolutely safe.”

Within two days after the disappearance of Lerner, Financial Times revealed that Lerner has paid more than $1 mln to an armed gang as a price for his freedom.

read more at cointelegraph.com

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