Ugandan executive kidnapped, tortured for ‘crypto’
A Ugandan digital asset executive who was recently kidnapped and forced to transfer his ‘crypto’ is appealing to the country’s authorities to bring the criminals to justice.
Festo Ivaibi was kidnapped outside his home on May 17 by individuals he alleged posed as security agents. The criminals, who were dressed in police uniforms and bore arms, demanded a $500,000 ransom before later forcing him to transfer his digital assets to their wallets.
