RATE Group | Kidnappers snatch a 13-year-old South African boy and demand his ransom be paid in bitcoins
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Kidnappers snatch a 13-year-old South African boy and demand his ransom be paid in bitcoins

23 May Kidnappers snatch a 13-year-old South African boy and demand his ransom be paid in bitcoins

Posted at 17:17h in Bitcoin News by

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Police say Katlego Marite was taken by three men in a car as he played with two friends near his home in the eastern province of Mpumalanga.

Police spokesman Brigadier Leonard Hlathi told CNN the incident in the coal-mining city of Witbank was over in minutes and the abductors seemed to make a beeline for Marite.

“It happened very fast and there was no struggle,” Hlathi told CNN.

“His friends reported that these were full grown men who just went for him and grabbed him into the car and dropped a ransom note. They demanded that his parents should pay a ransom in bitcoins.”

Hlathi said the sum demanded was 15 bitcoins, which is roughly equivalent to $120,000 in cash.

A copy of the ransom note was also posted on several social media accounts.

The kidnappers warn the parents not to involve the police, saying: “We have your child. Your child will not be harmed if the following demands are met.”

The note asks the boy’s family to pay 1 bitcoin by May 21 and the full amount by May 27. The…

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