Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Florida Teens Allegedly Kidnap Man and Steal $4 Million in Cryptocurrency
    Cryptocurrency

    Florida Teens Allegedly Kidnap Man and Steal $4 Million in Cryptocurrency

    May 11, 20253 Mins Read


    In a shocking turn of events, two teenagers from Florida have been charged with kidnapping a man in Las Vegas and stealing $4 million in cryptocurrency. This information comes from court documents reviewed by CBS-affiliated KLAS 8 News Now.

    The incident reportedly took place last November in a Las Vegas hotel, where the young suspects coerced their victim into transferring digital assets under duress. Identified as Belal Ashraf and Austin Fletcher, both 16 years old from Pasco County, Florida, the teens have been tried as adults. A third suspect, whose identity remains undisclosed, is reportedly no longer in the United States, according to prosecutors.

    The victim was hosting a cryptocurrency-related event at a downtown Las Vegas business on the night of the crime, according to police reports. Upon returning to his apartment, he was ambushed by the three teens, who forced him into the backseat of his own vehicle.

    “They told the victim that if he complied, he would live to see another day, and if he didn’t, they would catch his father and kill him,” the documents state. “They placed a towel over his head and instructed him not to look at them.”

    Subsequently, the court documents reveal that the teens drove the victim to a remote area in White Hills, Arizona, more than 70 miles from the city. There, the victim was coerced into handing over his cryptocurrency account passwords under threats of death.

    Using the stolen credentials, the suspects accessed the victim’s accounts, making off with millions in cryptocurrency and non-fungible tokens (NFTs). After being abandoned, the victim walked five miles through the desert to reach a gas station, where he sought help and contacted a friend for a ride.

    Authorities tracked down the suspects by following a vehicle that traveled from Florida to Nevada. A traffic stop in Mississippi later revealed a weapon linked to one of the teenagers through social media.

    During court proceedings, lawyers for Ashraf and Fletcher requested house arrest for their clients. Las Vegas Justice Court Judge Daniel Westmeyer set Fletcher’s bail at $4 million. Meanwhile, Judge Noreen Demonte granted Ashraf house arrest with electronic monitoring.

    The FBI is actively involved in the ongoing investigation, with a preliminary hearing scheduled for June. The case has raised alarms among cybersecurity experts and authorities, who warn of the increasing risks associated with cryptocurrency crimes.

    Key Questions About the Cryptocurrency Kidnapping Case

    Who are the suspects in the Las Vegas cryptocurrency kidnapping case?

    The suspects are two 16-year-olds, Belal Ashraf and Austin Fletcher, from Pasco County, Florida. A third suspect has not been identified publicly and is reportedly no longer in the United States.

    What happened to the victim during the incident?

    The victim was forced into his vehicle and driven to a remote area in White Hills, Arizona, where he was coerced into handing over his cryptocurrency account passwords under threats of harm.

    How did authorities track down the suspects?

    Authorities tracked the suspects by following a vehicle that traveled from Florida to Nevada. A subsequent traffic stop in Mississippi revealed a weapon linked to one of the teenagers via social media.

    What measures have been taken against the suspects in court?

    Judge Daniel Westmeyer set Fletcher’s bail at $4 million, and Judge Noreen Demonte granted Ashraf house arrest with electronic monitoring. The FBI continues to investigate the case.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Inside India’s digital bloodsport: How real-money games exploited players and drained ₹20,000 crore each year

    Cryptocurrency

    Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

    Cryptocurrency

    Real Estate for Cryptocurrency in 2025: Where and how to buy

    Cryptocurrency

    Understanding Layer 2 In Cryptocurrency: Enhancing Blockchain Scalability And Efficiency

    Cryptocurrency

    Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role

    Cryptocurrency

    Avalanche (AVAX) holds $24, but experts agree Mutuum Finance (MUTM) is the best Cryptocurrency to buy before 2026

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Russian Cryptocurrency Exchange ‘Garantex’ Shut Down for Ties with Ransomware Activity

    Cryptocurrency

    How Blockchain Technology Is Impacting Financial Planning

    Cryptocurrency

    Zimbabwe plans to launch digital currency backed by gold

    Editors Picks

    TSX climbs on real estate gains as US inflation data sparks global market rally

    August 14, 2025

    Visa investit dans quatre pépites fintech africaines pour booster l’innovation numérique

    March 6, 2025

    iPhone 16 Blocked – Apple Faces Sales Ban in Indonesia Over Local Investment Shortfall: Report – Apple (NASDAQ:AAPL), Vanguard S&P 500 ETF (ARCA:VOO)

    October 28, 2024

    Public Property Invest acquiert des actifs dans le secteur de la santé en Finlande

    May 30, 2025
    What's Hot

    Copper price collapses by 20% as US excludes refined metal from tariffs

    July 30, 2025

    AD Ports Group, MBME Group sign framework agreement to explore fintech and TradeTech solutions

    August 6, 2025

    EJF Investments va émettre de nouvelles actions dans le cadre d’une offre de reconduction

    May 6, 2025
    Our Picks

    Digital asset security firms join forces to meet demand for secure storage solutions

    July 3, 2025

    Cours Certificat TURBO-BULL-CERTIFICATE – SILVER

    January 21, 2025

    Northisle Copper and Gold Inc. lance son programme de forage et d’exploration sur le terrain pour 2025

    April 28, 2025
    Weekly Top

    Metal Gear Solid Delta: Snake Eater – The Sorrow Boss Fight Guide

    August 30, 2025

    Metal Gear Solid Delta: Snake Eater – Scorpion SMG Location

    August 30, 2025

    5 Low P/E Stocks Trading Below Book Value And Paying Dividends

    August 30, 2025
    Editor's Pick

    PAUL PESTER’S LATEST VENTURE, ARCHIE, MAKES FIRST INVESTMENTS IN FINTECH DISRUPTORS

    August 22, 2024

    EU’s Anti-Deforestation Law Targets High-Risk Nations

    May 22, 2025

    Mortgage servicing fintech Valon raises $100 million

    October 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.