Billionare's Wife Kidnappers to Demand €9M Worth XMR

Anna-Elizabeth Falkievik Hagen was allegedly abducted from her home, although the law enforcement agencies found no sign of hacking
10 January 2019   1048

In late October, the wife of one of the wealthiest entrepreneurs in Norway, Tom Hagen, was kidnapped. The kidnappers are demanding a ransom of € 9 million in Monero, according to Norway Today.

Anna-Elizabeth Falkievik Hagen, 68, was allegedly abducted from her home, although the law enforcement agencies found no sign of hacking. A note with a ransom request was also found there.

Note that Interpol and Europol are involved in the investigation of the case of Falkievik, and the fact of the abduction was kept secret for a long time for security reasons.

Today, January 9, the police confirmed that Falkievik was abducted, and communication with the criminals takes place exclusively through some kind of "electronic platform". In addition, in December, the kidnappers could not provide evidence that she was still alive.

Probably the Falkievik case is the first time in Norway when a ransom is demanded in a cryptocurrency equivalent. Nevertheless, the police recommended that the criminals be denied their claims.

Tom Hagen is the founder of Elkraft AS, a power supply company. His fortune is estimated at 1.7 billion NOK (€ 170 million).

Earlier, employees of the local prosecutor’s office in Kiev and the National Police of Ukraine detained two suspects accused of stealing a miner in March of this year and stealing $ 50,000.

Now they face up to 15 years of imprisonment for robbery committed by a group of individuals in a preliminary conspiracy, infiltration and theft in a particularly large scale.

BitBay ot Delist Monero

Exchange has to comply with “market standards” and the fight against money laundering
26 November 2019   275

BitBay cryptocurrency exchange announced the termination of support for the Monero cryptocurrency. The platform explained the decision by the need to comply with “market standards” and the fight against money laundering.

Acceptance of deposits at the XMR exchange will stop on November 29, trading will be stopped on February 19, 2020. In addition, due to the Monero network hard fork planned for November 30, the withdrawal of XMR will not be possible from November 29 to December 5.

Users are asked to finally withdraw funds by May 20 of next year.

Monero (XMR) can selectively utilize anonymity features among projects. This feature of XMR is a subject to end of transaction support. The decision was made to block the possibility of money laundering and inflow from external networks. Monero (and other cryptocurrencies with this specification) has been already delisted on other fiat-crypto exchanges for the same reason. As a licenced exchange, BitBay has to follow the market standards.
 

BitBay

 As you can see, BitBay named Monero's anonymity as the reason for delisting.