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Wife of Norwegian billionare kidnapped, €9M crypto ransom

telegraph.co.uk

11–20 of 33 posts

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#11

Norway has public tax records. This is one of the potential flaws of an otherwise, kinda cool openness. You can't be rich and have a 'normal' life. You have money in Norway, you have to have walls, staff, etc. just to have a bit of safety.

We know that Trump or X billionaire is rich enough to pay ~ $11 Million in ransom, even though no one has seen his taxes. Now is their wife worth that much...? :) They'd have to act as if they care either way

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#13
post #7

> "“Police have so far advised the family not to meet the requirements.” This is good advice from their point of view because it lowers the incentive to commit these types of crimes in the future. For the individual person, it is most wise to pay the ransom and ignore what law enforcement tells you if you want to see the person back.

Yet at the same time, as an individual criminal there is no incentive to actually return the person or even keep them alive once payment has been recieved

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#15

Norway has public tax records. This is one of the potential flaws of an otherwise, kinda cool openness. You can't be rich and have a 'normal' life. You have money in Norway, you have to have walls, staff, etc. just to have a bit of safety.

Public tax records might have flaws, but they certainly aren't where the blame for this problem would lie.

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#17
When you develop a tool, you have to consider the pros and the cons. For example, encrypted chat, while it may have bad uses, the vast majority of uses are good or at least benign. With cryptocurrency on the other hand, it seems like the bad uses are the majority: fraud, money laundering, illegal drugs, and extortion. In the past, the money exchange in an extortion scheme was always the weak point. Now, thanks to cryptocurrencies, it is the strong point.

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#18

This is terrible. I wonder, what is the comment about the ransom note intended to signify? That the kidnappers are not Norwegian? ISTM that extreme confidence would be required to commit a crime of this nature in a foreign country.

It signifies that either a foreigner or recent immigrant, or perhaps a dyslectic or anyone who would like it to appear as if a foreigner or recent immigrant or a dyslectic wrote the note.

Yes, for native speaker would not happen that they change writing from normal fluency. What gain can be from changing normal grammatics or to use left hand?

Verily the poorly-skilled can never write better, and the better never poorer.

But are there known 'kidnap ransomers' that could be deduced through language? It seems unlikely, I guess, unless Norway has enough local variances that would give a native speaker away through dialect.

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#19
post #9

How long will it be until people realize cryptocurrency is a problem?

Yes, cryptocurrency is clearly to blame for kidnappings. It's not like we ever had kidnappings before Bitcoin.

Is that I said though? You think the existence of cryptocurrency plays no part in facilitating ransom demands?

Re: Wife of Norwegian billionare kidnapped, €9M crypto ransom

#20
post #7

> "“Police have so far advised the family not to meet the requirements.” This is good advice from their point of view because it lowers the incentive to commit these types of crimes in the future. For the individual person, it is most wise to pay the ransom and ignore what law enforcement tells you if you want to see the person back.

Yet at the same time, as an individual criminal there is no incentive to actually return the person or even keep them alive once payment has been recieved

This is true, but in practice there's a good chance they will be released if you pay. I don't have statistics on this on hand, but from cursory knowledge I'd be surprised if it was less than 70%-80% of the time a ransom was paid, the person would be freed. Statistics on that sort of thing are hard anyway because many kidnappings go unreported.

Ethics aside, killing the person after you receive your ransom simply worsens your punishment for little gain (provided the hostage can't identify you). Besides, should you want to take future hostages, it lowers the likelihood of being paid.

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