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80 Bitcoin Ransom Demanded in Alleged Down Under Kidnapping of Chinese Student

Summary:
A Chinese student studying in Australia is allegedly being held at ransom with the kidnappers demanding Bitcoin worth over a million Australian dollars before they can release him.According to the Southern Metropolis Daily, the father of the 20-year old student was contacted by the kidnappers on August 24th. The kidnappers demanded 80 Bitcoin within 24 hours. At the current BTC price, this is approximately $AU1.2 million ($US 810,000).Pay up the Bitcoin or else… Besides the Bitcoin demand the kidnappers also threatened to harm the student if the funds were not sent:“We have your son, if you don’t want him to have an accident, if you want him to return soon, then meet our demands.”A Bitcoin wallet address was, however, not provided by the kidnappers as they indicated they would only reveal

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