Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report

A South African businessman whose captors had allegedly demanded bitcoins as ransom has been freed.

Liyaqat Parker, a businessman based in Cape Town, South Africa, was released on Monday according to a statement issued by his family. However, the circumstances of his release, including whether the bitcoin ransom was paid, remain unclear as his family declined to divulge further information.

In a statement on Tuesday morning, the family of 65-year-old Cape Town businessman Liyaqat Parker confirmed he had been returned home after two months. They expressed gratitude to… https://t.co/DzRhVS6CBo

— townpress (@townpresssa) September 18, 2018

The Cape Town businessman was kidnapped a little over two months ago and his captors reportedly demanded 50 bitcoins before they could release him according to The South African. Parker, who is the proprietor of South Africa’s Foodworld supermarket chain, was accosted at gunpoint by five men as he was driving to his business premises….