Venezuela: He faked his kidnapping to steal 23 bitcoin and now the police are looking for him.

A 23-year-old Venezuelan man is wanted by police for stealing 23.66 bitcoin (BTC). The accused is Andres Jesus Dos Santos Hernandez, a financial trader who was reported for scamming his clients into believing that their funds were stolen.

Specifically, the scammer’s scheme consisted of simulating his own kidnapping. Thus, according to his words, his captors would have forced him to enter the cryptocurrency exchange Binance and transfer all the assets deposited there to various wallets. At the time of writing, the funds in BTC are equivalent to 1,150,000 dollars according to the CryptoNews price index


The information on the search for Dos Santos Hernández was released by Douglas Rico, director of the Scientific, Criminal and Criminalistic Investigations Corps (CICPC) on his Instagram account. Likewise, the fact was replicated by various Venezuelan media

. “Money laundering and fraud” is what Rico details in his publication. solicitado-buscado-estafador-criptomonedas-venezuela solicitado-buscado-estafador-criptomonedas-venezuela The Instagram publication of the director of the CICPC in which information about the fugitive is provided. Source: douglasricovzla /

Kidnappings with bitcoin already have precedents in Venezuela

As this media reported in August, a shocking case

related to a kidnapping in which a ransom was demanded in bitcoin was already experienced in this country. The incident occurred in the Simón Bolívar municipality in the state of Zulia.

On that occasion, a 39-year-old man was kidnapped on August 10. The criminals demanded a ransom of 1.5 BTC (USD 72,894 at the time of writing), although they later lowered the demand to 0.5 BTC. However, the family was only able to raise a minimal portion of that sum. Thus, just two days later, the victim was found lifeless in the street.