CALGARY POLICE ISSUE WARRANT FOR SUSPECT LINKED TO HOUSE FIRE AND CRYPTO THREATS

Calgary police have issued an arrest warrant for Finbar Hughes, a suspect linked to a house fire and crypto threats in the Hillhurst area.

The police allege that Hughes sent threatening letters to residents, demanding Bitcoin transfers to a specific wallet address. After the residents refused to comply, Hughes allegedly set fire to one of the homes.

The incident occurred on November 19, and the police have been investigating since then. Hughes is wanted on several charges, including possession of materials to commit arson and setting fire to a dwelling.

This incident highlights the growing concern of crypto-related threats and crimes. According to a Chainalysis report, crypto ransomware has increased significantly in 2024, with ransomware inflows reaching $459.8 million.