May 6, 2026

Capitalizations Index – B ∞/21M

Bitcoin Trader Drugged, Beaten, & Tortured in South Africa

Bitcoin trader drugged, beaten, & tortured in south africa

Bitcoin Trader Drugged, Beaten, & Tortured in South Africa


South africa bitcoin
Advertisement

A bitcoin trader from Lanseria in South Africa narrowly escaped death after being drugged, beaten, and tortured by suspected kidnappers. Narrating his near-death experience in a report in local news outlet Soweto Urban, the man, who is known only as Andrew, was invited for a presentation on cryptocurrency through a new contact on Facebook. The presentation was held at Natui Street in Meadowlands Zone Five.

He is reported to have gone into the undisclosed residence at about 1 pm to conduct the presentation to an audience of six individuals. According to him, one of these people snuck up on him from behind and stuffed a cloth in his face — presumed to be soaked with a sleeping drug that made him unconscious. Later, having recovered from the influence of the drug, he woke up in a completely different residence. Here, he was surrounded by five people — two women and three men.

He was subsequently stripped of his clothes, beaten, and tortured by his kidnappers, based on the report. He alleged that his kidnappers demanded that he provide his First National Bank (FNB) account details as well as the password to his cryptocurrency wallet, threatening to sear him with a hot iron and kill him if he didn’t cooperate.

Andrew was at first adamant that he would not give up his crypto holdings, but he cracked under the pressure of the torture and made a wire transfer of R 800,000 (around $59,000) worth of bitcoin to the kidnapper’s wallet address. He was also forced to transfer R 100,000 (around $7,200) to his assailant’s bank account, as well.

Andrew also lost R 3,000 (around $200) in cash, two iPhones and two laptops. When the raid was complete, he was blindfolded by the kidnappers and taken to Kliprivier Road, where he was dropped. He is currently in the intensive care unit of the Alberton Union Hospital, where he is being treated for his bruises and the burns all over his body. The case has been reported to the police and investigation is ongoing.

Earlier this year, 65-year old Cape Town businessman Liyaqat Parker was kidnapped and released only after his family had paid 50 bitcoins as the ransom for his freedom. The businessman spent over 50 days with the criminals, having been kidnapped at gunpoint, on his way to work.

Featured Image from Shutterstock

Get Exclusive Crypto Analysis by Professional Traders and Investors on Hacked.com. Sign up now and get the first month for free. Click here.

Advertisement

Published at Tue, 04 Dec 2018 00:50:43 +0000

Previous Article

Former Israeli Prime Minster Calls Cryptocurrencies a ‘Ponzi Scheme’

Next Article

How To Start a Blog And Make Money Online – Webinar – Wichita

You might be interested in …

Create nuko wallet and claim free nekonium from 3 best faucets

Create NUKO Wallet and Claim free Nekonium From 3 Best Faucets

Create NUKO Wallet and Claim free Nekonium From 3 Best Faucets Nekonium is the Japonese Ethereum Click here to Create your Wallet: http://adlink4y.com/JhvhlC Click on Faucet 1: http://adlink4y.com/zT9xM Click on Faucet 2: http://adlink4y.com/2FU52 Click on […]

Crypto markets and cme futures post record trade volume

Crypto Markets and CME Futures Post Record Trade Volume

Crypto Markets and CME Futures Post Record Trade Volume Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also […]