Two American brothers arrested for kidnapping and extorting $8 million in cryptocurrency
ChainCatcher reported that a major cryptocurrency extortion case occurred in Minnesota.
Raymond Garcia, 23, and his brother Isiah Garcia, 24, kidnapped a family of three at gunpoint on September 19, forcing the victims to transfer cryptocurrency worth $8 million. The two suspects were arrested in Texas on September 22 and have now been charged by federal prosecutors with multiple offenses, including kidnapping, first-degree robbery, and burglary.
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