Singaporean man kidnapped in Thailand by fellow Singaporean, ransom paid in bitcoins

Mr Mark Cheng Jin Quan, who was kidnapped in Thailand on Jan 9, is the co-founder of Avelife, a non-governmental organisation that focuses on social enterprise and the environment. PHOTO: ST FILE
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BANGKOK - A Singaporean man was kidnapped by a fellow Singaporean in Thailand last week and released after transferring bitcoins worth some 1.4 million baht (S$62,450) to the captor, the police told The Straits Times on Monday (Jan 13).

The kidnapper has been arrested and most of the loot recovered.

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