Seven UK Gang Members Sentenced to Jail for Kidnapping, Torturing, and Ransoming a Cryptocurrency Investor

On January 31st, as per Cointelegraph, seven members of UK gangs have been found guilty and sentenced to prison for the acts of kidnapping, torturing, and extorting a cryptocurrency investor. The victim was repeatedly targeted over a period of several months. They were attacked and forced to transfer cryptocurrency worth £100,000 (approximately $124,152). The incident started in January 2023 when the victim was approached at their home by a man who demanded a cryptocurrency transfer. Out of fear for their life, the victim transferred the funds to gang member Scott Armstrong. Later that same month, David Povey and another man returned and, this time, brandishing a knife, forced the victim to hand over more funds. In an attempt to stop the harassment, the victim chose to comply.