cryptocurrency traders are increasingly becoming targets of kidnapping and extortion, as highlighted by several cases in recent weeks. In France, a man was kidnapped nearly 500 kilometers away and the kidnappers demanded ransom from his son, who is a cryptocurrency influencer, through encrypted networks. In Pakistan, a trader was forced to transfer $340,000 on Binance. WonderFi CEO in Canada was released after paying a ransom of millions of dollars. According to Chainalysis, a blockchain analysis company, ransomware gangs will extort over $1.1 billion from victims through cryptocurrency by 2023. The rapid expansion of the cryptocurrency market is attracting more criminals, increasing security risks for investors.

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