Kidnapped for Crypto💀
A $600K Tale of Torture and Greed! ⚠️💸
In Tel Aviv, a man was kidnapped and tortured in his home by three attackers who stole nearly $600,000 in crypto. The gang tied him up, beat him, and stabbed him until he gave up his wallet passwords. They also took a Rolex, laptop, cash, and a hardware wallet.
The suspect allegedly planned the attack after learning the victim owned Bitcoin. They have now been arrested.
This brutal case is part of a rising global trend called “wrench attacks” — where criminals use physical violence to steal crypto. A recent report shows 2025 is already the worst year for crypto theft, with losses expected to cross $4 billion. Thieves are now targeting individuals more than exchanges, especially when Bitcoin prices surge.
🛡️ Here’s how to Stay Safe from Crypto Kidnapping:
Use multisig wallets and split your holdings across devices.
Stay private—don’t flaunt crypto wealth online or offline.
Secure your home, devices, and set up emergency protocols.
Be extra cautious during bull runs—attackers follow the money.
In other news:
Coinbase Launches Crypto Staking in New York
Coinbase now offers crypto staking in New York, after years of pushback from state regulators.
People in New York can earn up to 16% yearly returns by staking coins like Ethereum and Cosmos.
MetaMask Just Got Faster: Plans Polymarket Integration
MetaMask now lets users trade derivatives through Hyperliquid. Support for Polymarket is coming soon. Users can also earn rewards—including Linea’s native token—by using the wallet.
Jupiter to Launch Its Own Stablecoin on Solana
Solana’s Jupiter is teaming up with Ethena to launch its own stablecoin, JupUSD, in Q4. The coin will be backed by USDtb—Ethena’s treasury-backed stablecoin. Stablecoins are booming, with the market cap jumping 75% in a year to over $300 billion.
Gemini Grows in Australia Ahead of New Crypto Rules
Gemini now allows Aussie users trade crypto directly in AUD, thanks to new local bank integrations. The move follows its official registration with Australia’s anti-money laundering watchdog. As draft laws aim to regulate crypto under the Corporations Act, Gemini has named James Logan as Head of Australia to lead strategy and partnerships.
That’s all for today folks! Cryptocappy will be back with more such insights. Stay Tuned!
