Ugandan Abduction Highlights Dark Side of Digital Wealth as Crypto Founder Loses $500,000 in Crypto at Gunpoint
Mitroplus Labs founder Festo Ivaibi was abducted on 17 May and forced at gunpoint to transfer $500,000 in crypto. The firm says Uganda has seen over 48 similar, often unreported, attacks—part of a growing global trend of crypto-linked kidnappings and extortion.
