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The Guardian - US
The Guardian - US
Technology
Niamh Rowe

Online hacks to offline heists: crypto leaders on edge amid increasing attacks

A clay-like illustration of a worried man in a glass house sitting on coins. He is well lit and exposed. A security camera points outward.
Kidnappings of cryptocurrency industry figures have surged in the past 18 months. Illustration: Angelica Alzona/Guardian Design/Source images via mikkelwilliam/Getty Images, Alamy

Cryptocurrency traders such as Mohammed Arsalan are prepared to watch their online assets expand and explode if they miss the right moment, making or breaking their fortunes in just minutes. All in a day’s work on the internet. Offline, though, they have found themselves less equipped for the consequences of affluence. A string of kidnappings has plagued the industry over the past year and left traders across the globe paranoid, fearful and keen to invest in physical security measures.

Arsalan grew up working class in Karachi, Pakistan. He hustles in any setting. At 14, he started a business exporting T-shirts overseas. By 17, the pandemic swept it all away. Inside, online and penniless, the booming world of Bitcoin beckoned him.

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