2025-06-28 18:00:24.817

Cryptocurrency traders are experiencing a surge in kidnappings globally. The anonymity and ease of transferring cryptocurrency make traders lucrative targets. Mohammed Arsalan, a successful Pakistani trader, was kidnapped and robbed of his cryptocurrency fortune. His case highlights a growing trend: criminals are targeting crypto holders for their digital assets, often using violence and intimidation. Law enforcement is struggling to keep up, leading many traders to hire personal security and take extreme measures to protect themselves and their families. The ease of tracking cryptocurrency transactions online, combined with the public nature of blockchain technology, makes it easier for criminals to identify and target wealthy traders. This has led to a surge in demand for security services, with companies like Infinite Risks International seeing a significant increase in clients. High-profile events, like the Ethereum Community Conference, are now implementing unprecedented security measures to protect attendees. Even large exchanges like Kraken are deploying armed guards to protect their executives. The lack of insurance coverage for cryptocurrency assets further exacerbates the problem. While some progress is being made in developing crypto-specific insurance policies, the vast majority of cryptocurrency holders remain vulnerable. The article concludes with Arsalan's determination to rebuild his life and career, despite the trauma he has experienced. The incident underscores the significant risks associated with the cryptocurrency industry, not only in terms of market volatility but also in terms of physical safety.