Published On: Fri, Dec 29th, 2017

Pavel Lerner, Kidnapped Exmo Managing Director, Free After Paying $1 Million Ransom in Bitcoins

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Exmo’s Pavel Lerner was kidnapped in Kiev on December 26th, shortly before the company fell under DDOS attack. He has just been freed after paying a ransom of over $1 million in bitcoins.
Many media reports came out this week concerning the news that Pavel Lerner, Managing Director at bitcoin and cryptocurrency exchange Exmo, had been kidnapped. After a few days of speculation, we can now report that Lerner is alive and unharmed. He was freed from his kidnappers after paying a $1 million ransom in bitcoins.
According to the BBC, Lerner was leaving his office in Kiev on December 26th when he was bundled into a vehicle (reportedly a black Mercedes) by a group of men wearing balaclavas. An active search was undertaken by the Kiev police, but very little information was uncovered about the kidnapping.

Initial Motive Was Unclear
The initial motive behind the kidnapping remained unclear, but it was assumed that it was rooted in his position at Exmo and – in turn – the perception that he has some sort of access to the company’s store of client funds.
Exmo has been quick to point out that this isn’t the case. The …

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