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Big Questions: What’s with all the crypto deaths? 

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Stuffed down toilets, dismembered in suitcases — crypto has been the common denominator for several gruesome murders and mysterious deaths this year.

Last month, Bulgarian plumbers were called to clear a blocked drain at an apartment block in the capital of Sofia.

The blockage turned out to be the decomposing remains of 41-year-old United States crypto mogul Christian Peev suspected to have been battered to death with a dumbbell by a friend out of jealousy.

Weeks earlier, a group of children stumbled across the body of missing cryptocurrency millionaire Fernando Prez Algaba in a river in the Buenos Aries province. Police say he was shot three times before being stuffed into a suitcase, pointing the finger at organized crime.

Missing Crypto Millionaire found dead and chopped up in suitcase.

Police have launched a murder investigation after the dismembered remains of missing millionaire Fernando Prez Algaba, 41, were discovered by a group of children in Argentina over the weekend.#Crypto pic.twitter.com/mnhIKRzAlq

— Dulz (@dulzwg) July 27, 2023

Its only the two most recent cases in a 10-month-long stretch of crypto-related deaths including a helicopter crash in France, a fatal stabbing in the U.S., and a suspected suicide in South Korea, to name a few.

So, whats connecting all of these grizzly deaths around the world?

Organized crime to blame

Ken Gamble, the co-founder and executive chairman of financial crime intelligence firm IFW Global, tells Magazine that many of these kinds of deaths are likely linked to the rise of organized crime and money laundering using crypto.

Crypto-related crime has become bigger than ever before. And money laundering using cryptocurrency is now the number one way for every organized crime group on the planet.

In May, Gambles organization took down a billion-dollar call center scam syndicate in Malaysia. His firm has investigated a number of criminal organizations across Asia and Europe over the years.

Whats happening is that these organized crime groups, particularly the Chinese, have suddenly come into masses of money. They have had more money now than theyve ever had traditionally, said Gamble.

Theyre making so much money that its become extremely dangerous now […] they have to now reach out to more groups and more people to try and move the money broadening their money laundering capabilities, he added.

Gamble argues this has inevitably led to crypto holders getting mixed up with the wrong crowds.

Retribution for deals gone south

Matt Hussey, former editorial director of Near Protocol and a founder of crypto media firm Decrypt, has also been trying to make sense of the murders.

In a May 19 blog on LinkedIn, Hussey argued that some of the killings are the result of disgruntled investors simply taking matters into their own hands and blamed the fuzzy area crypto continues to operate.

Because crypto straddles the legal and illegal worlds, it is regarded by many as a place where law enforcement does not tread. As a result, retribution and revenge are, for some, the only recourse they have, he said.

In April, a 48-year-old woman was abducted and murdered in the affluent Gangnam District in Seoul, with her assailants suspected of trying to get revenge over a failed crypto investment scheme.

In March, a self-proclaimed Candian crypto king was kidnapped and beaten over three days after he reportedly scammed investors out of millions of dollars. At least one of his alleged captors was one of the dozens of investors who lost money to the alleged scam. Fortunately, the man survived.

Video has emerged of self-proclaimed 'Crypto King' Aiden Pleterski apologizing to investors while appearing badly beaten from a kidnapping pic.twitter.com/jbhv6EuB6C

— 6ixBuzzTV (@6ixbuzztv) July 18, 2023

There are people being targeted because they hold crypto or theyve been involved in some shady deals […] There are robberies, there are people that are getting murdered because they hold crypto, added Gamble.

Crypto holders are easy targets

Some of the deaths could simply be because rich crypto millionaires are seen as easy targets amid a time when the cost of living continues to drive upward.

Crypto is easy to move and easy to steal. Try walking into a bank and taking some money. Yeah, good luck with that. But beat the crap out of someone and drill holes in them? Youve got a chance of getting away with it, wrote Hussey.

Gamble said there is no doubt that organizations out there are targeting and issuing hits on people who hold a lot of crypto.

Organized crime figures are going after crypto because its not money in the bank; it’s crypto that you can take off someone like cash.

You can steal their credentials and pack their laptop, and if youve got their passphrase, youve actually got their money.

Or, it has nothing to do with crypto

Of course, there is also a good chance that most of the deaths have nothing to do with crypto or nefarious people at all.

Out of the 10 reported deaths since November 2022, only the Gangnam womans murder in Seoul was seen as the direct result of her connection to crypto. None of the reports have mentioned any cryptocurrency being stolen by their suspected assailants either.

Not to mention, three of the deaths arent even being treated as potential homicide.

At the same time, one could also argue that the rise in reported deaths is simply a result of more mainstream coverage of crypto.

The number of crypto deaths reported by mainstream media went from less than one a year to at least 10 since November 2022, when the crypto industry witnessed the collapse of crypto exchange FTX.

Data compiled by public relations firm Vuelio shows that the total number of crypto stories pushed by traditional media outlets surged after the collapse of Sam Bankman-Frieds crypto exchange, sometimes even beating out the number of stories written by crypto media outlets.

It stands to reason that news desks have become more aware of cryptocurrencies over the past year. Someone dying or being murdered somewhere in the world isnt likely to make a headline, but someone dying due to their connection to a purportedly shady world of crypto? You bet itll make a headline.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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