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Three Missouri residents face criminal charges over an alleged plot to kidnap a Connecticut Bitcoin holder and coerce him into transferring $BTC, prosecutors said.
The defendants reportedly drove across state lines to reach the target before abandoning the scheme.
The method the source describes Bitcoin custody has one structural vulnerability that cryptography cannot fix: the person who controls the private key. Break the math protecting a wallet?
Threaten the holder until he signs a transaction? The alleged plan operated on exactly that logic. Travel from Missouri to Connecticut. Hold him until the funds moved.
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