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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 spaceslike robbing a bankare somehow just part of the game here.” Kidnapping, burglary and torture allegations In the New York case, two American crypto investorsJohn Woeltz and William Duplessiehave 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 sonwho 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 lossesa 33% increase in losses compared with 2023. As a group, cryptocurrency theft victims reported the most lossesmore than $6.5 billion. The agency and experts say the crypto crime underworld is likely being fueled by the large amounts of money at stakecombined 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.” Dave Collin, Associated Press
Category:
E-Commerce
Harvard University’s Graduate School of Design (GSD) dean joined Alan Garber, the university’s president, in condemning the federal government earlier this week after it moved to block the university from being able to admit international students. GSD has a higher proportion of international students compared to the rest of the University’s student body, and Dean Sarah M. Whiting said international students are an integral part of the school. “I join President Garber in condemning the governments illegal action against our school, and in affirming the immense value our international students bring to the GSD community,” Dean Sarah M. Whiting said in a note shared online Saturday. Whiting, who’s also a Josep Lluis Sert professor of architecture, said GSD is “one of the most international schools at Harvard” and that the school’s international makeup “goes back to the founding of the GSD.” Nearly a third of Harvard GSD students are international, which is higher than the 14% of international students who make up of the general student body at large, according to Peterson’s, an educational services company. Six of the school’s eight class of 2025 commencement marshals who represent their disciples at graduation are from outside the U.S. Whiting added that its international student body “is part of our DNAour student body, our faculty, our staff, and the discipline and practice of design all thrive on this internationalism. The extraordinary breadth of experience and perspectives that the international members of our community provide is essential to who we are. The school offers programs through its departments of architecture, landscape architecture, urban planning and design, design studies, and design engineering. A spokesperson from the school declined to comment for this piece. A federal judge blocked the Trump administration from rescinding Harvard’s ability to admit international students on Friday after the Department of Homeland Security revoked its Student and Exchange Visitor Program (SEVP) certification for admitting foreign students. Now, Trump is attempting to go after the university in other ways, including calls to redirect grants from the university to trade schools and no longer scheduling student visa appointments. Trump said Wednesday Harvard should have a cap of about 15% on international students and accused the university of being antisemitic and a “disaster.” Garber, the university president, told NPR Wednesday that Harvard should “stand firm” to its “commitment to the good of the nation” in the face of Trump’s retaliation over the private university’s policies around admissions, DEI programs, hiring, and international students.
Category:
E-Commerce
Swiss residents were struggling on Thursday to absorb the scale of devastation caused by a huge chunk of glacier that has buried most of their picturesque village, in what scientists suspect is a dramatic example of the impact of climate change on the Alps. A deluge of ice, mud and rock crashed down the mountain on Wednesday, engulfing some 90% of the village of Blatten. Its 300 residents had already been evacuated earlier in May after part of the mountain behind the Birch Glacier began to crumble. However, rescue teams with search dogs were still scouring the area on Thursday for a missing 64-year-old man after an initial scan with thermal drones found nothing. As the Swiss army closely monitored the situation, some experts warned of the risks of flooding as vast mounds of debris almost two kilometers across are clogging the path of the River Lonza, causing a huge lake to swell amid the wreckage. “I don’t want to talk just now, I lost everything yesterday. I hope you understand,” said one middle-aged woman from Blatten, declining to give her name as she sat alone disconsolately in front of a church in the neighbouring village of Wiler. Nearby, the road ran along the valley before ending abruptly at the mass of mud and debris now blanketing her own village. Just a few roofs poked up through the sea of sludge. A thin cloud of dust hung in the air over the Kleines Nesthorn Mountain where the rockslide occurred while a helicopter buzzed overhead. Martin Henzen, another Blatten resident, said he was still trying to process what had occurred and did not want to speak for others in the village, saying only: “Most are calm, but they’re obviously affected.” They had been making preparations for some kind of natural disaster but “not for this scenario,” he added, referring to the scale of destruction. ‘ENORMOUS PLUG’ But the immediate dangers might not be over. “The water from the River Lonza cannot flow down the valley because there is an enormous plug,” Raphael Mayoraz, a cantonal geologist, told Swiss national broadcaster SRF. “The worst case scenario is possible flooding.” Up to one million cubic meters of water are accumulating daily as a result of the debris damming up the river, said Christian Huggel, a professor of environment and climate at the University of Zurich. Matthias Ebener, a spokesperson for local authorities, said some residents of neighbouring villages had been evacuated as a precaution. The incident has revived concern about the impact of rising temperatures on Alpine permafrost which has long frozen gravel and boulders in place, creating new mountain hazards. For years, the Birch Glacier has been creeping down the mountainside, pressured by shifting debris near the summit. Matthias Huss, head of the Glacier Monitoring in Switzerland (GLAMOS), pointed to the likely influence of climate change in loosening the rock mass in the permafrost zone, which triggered this week’s collapse. “Unexpected things happen at places that we have not seen for hundreds of years, most probably due to climate change,” he told Reuters. Dave Graham, Reuters
Category:
E-Commerce
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