Bitcoin ransom of $1m paid for cryptocurrency boss

Anexecutive of a UK-registered cryptocurrency exchange kidnapped in Ukraine this week has been released after paying a ransom of more than $1m in bitcoins, according to an adviser to the Ukrainian interior minister, in a crime he dubbed “bitcoin kidnapping and extortion”.

Pavel Lerner, who runs the Exmo exchange and is a locally-renowned cryptocurrency expert, was kidnapped near his office in Kiev on Tuesday but freed on Thursday, Anton Gerashchenko, the Ukrainian adviser, said.

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