A Chinese student studying in Australia is allegedly being held at ransom with the kidnappers demanding Bitcoin worth over a million Australian dollars before they can release him.
According to the Southern Metropolis Daily, the father of the 20-year old student was contacted by the kidnappers on August 24th. The kidnappers demanded 80 Bitcoin within 24 hours. At the current BTC price, this is approximately $AU1.2 million ($US 810,000).
A day before the alleged message from the kidnappers, Jingwang had contacted his father via SMS asking for his email address as he wanted to send him documents from the University of Technology Sydney where he is a freshman. Attempts by his father to inquire about how he was faring were not responded to though.