Criminals Demand $10 Million in Monero (XMR) in Norwegian Kidnapping Case

This undated handout provided by the Norwegian police shows wife of Norwegian multi-millionaire Tom Hagen Anne Elisabeth Falkevik.- The wife of a Norwegian multi-millionaire missing for 10 weeks is believed to have been kidnapped

This undated handout provided by the Norwegian police shows wife of Norwegian multi-millionaire Tom Hagen Anne Elisabeth Falkevik.- The wife of a Norwegian multi-millionaire missing for 10 weeks is believed to have been kidnapped

Monero [XMR], a popular privacy coin in the market, is in the limelight as the cryptocurrency is demanded as ransom by kidnappers in Norway.

The wife of a Norwegian multimillionaire missing for 10 weeks has probably been kidnapped and a ransom has been demanded for her release, police have said.

Chief investigator Tommy Broeske said the threats in the note were "of a very serious character". Police urged the family not to pay any ransom.

The estimated value of the family is estimated to be around $199 million, and are listed as the 172nd richest family in the country by Norway's financial Magazine, Kapital.

To add on, since the disappearance of Falkevik Hagen, the police have not found any evidence with respect to her safety, according to the reports.

Police inspector Tommy Broske attends a press conference in Lillestrom, some 20 km north of Oslo, January 9, 2019 on the kidnapping of wife of a Norwegian multi-millionaire Tom Hagen, Anne-Elisabeth Falkevik missing for 10 weeks.

The paper also claimed the note said she would be killed if police became involved.

The house of Norwegian multi-millionaire Tom Hagen is cordonned off in Fjellhamar East of Oslo
The house of Norwegian multi-millionaire Tom Hagen is cordonned off in Fjellhamar east of Oslo

Married to a businessman who made his fortune in real estate and the energy sector, 68-year-old Anne-Elisabeth Falkevik disappeared on October 31, the Verdens Gang newspaper said.

It said Mrs Hagen appeared to have been abducted from the bathroom of her home and that there had been "limited dialogue" with the alleged kidnappers over the internet.

The authorities had received no sign of life from the woman, "but we haven't received any indication that she isn't alive either", Broske said.

Broadcaster NRK said the ransom had been demanded in an equivalent amount of the cryptocurrency Monero - a digital currency similar to Bitcoin.

Police believe she disappeared from the couple's home, some 50 kilometres (31 miles) from the Swedish border.

Mr Hagen's lawyers have told news outlets he will not comment on the story at this time. Norwegian police have also engaged global counterparts in Interpol and Europol as part of the probe.




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