South African businessman Liyaqat Parker was kidnapped in July. He was released Monday. But did his family pay the 50 bitcoin (BTC) reportedly demanded as ransom?

That remains a mystery, according to The South African. The 65-year-old Cape Town resident’s family issued a statement Tuesday confirming his return but provided few details.

At the time, 50 bitcoin were worth 4.3 million rand, the local currency.

If earlier reports that Parker’s ransom was demanded in bitcoin are true, then his abduction is another example of how old-fashioned crime has been altered for the digital age. Hackers who lock you out of your computer are increasingly demanding you pay them in bitcoin. And last month the U.S. Federal Trade Commission warned that scam letters are being sent to people demanding payments in bitcoin in exchange for keeping quiet about alleged affairs. Read more here.

ThirtyK Staff
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