A Russian national was reportedly kidnapped in Bali and held for about 30 hours until he gave up access to his cryptocurrency account, according to local police.
Bali police are now investigating the case and are pursuing the perpetrators, who fled after throwing the victim outside the hospital.
How did the cryptocurrency hijacking unfold in Bali?
The victim, identified by the initials AI, was stopped near Pecatu in South Kuta on July 2 at around 9:35 p.m. Two masked men riding in a black Nissan Serena stopped his motorcycle as he was leaving his restaurant.
The attackers handcuffed him with plastic handcuffs The shackles covered his headThey took him to a two-story building. Police say he was punched and kicked for about 30 hours until he handed over his account password.
The attackers also took his Xiaomi phone. They then used his villa keys to enter his home and seize another device linked to his wallet. The victim was released on July 4 outside Uddiyana University Hospital, where he was receiving emergency treatment.
Bali Police Spokesperson Senior Commissioner Ariasande He said Investigators are reviewing surveillance footage and phone data from across the crime scene.
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Cryptocurrency holders are facing increasing attacks
The attack fits the breadth Universal style for Violent “spanner attacks” that target cryptocurrency holders personally rather than through hacking. France scored 77 Kidnappings and cryptocurrency extortion since January 2026. Interior Minister Laurent Nunez unveiled a three-pillar security plan to confront the threat.
In the latest case, no arrests have been announced yet. Investigators are still assessing the stolen cryptocurrencies and verifying the identities of the suspects.
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this post Cryptocurrency nightmare in Bali: Russian man kidnapped and tortured for 30 hours appeared first on BeInCrypto.
