An Indian man, Deepak has found a new use for Bitcoin transactions

Over the past few weeks, Deepak purchased bitcoins - that he never received. Additionally, he also invested heavily in the stock markets - where he piled up further loses. At the end of this unfortunate phase for him, Deepak had piled up losses of over $90,000 - thats a big amount in India.

The Ruse

Desperate to recover his losses, he came up with a plan - which he though was ingenious. He turned his sights on the real estate market. After some research, he identified a broker - Ashu Jain, with whom he discussed investing in real estate properties.

New RANSOMware

What Ashu did not know is that Deepak, along with 5 accomplices had planned to kidnap Ashu with the aim of demanding ransom from his family. These men kidnapped Ashu on May 30 and demanded 30bitocins as ransom from his family.
Ashu was relased 6 days later without harm. According to the report, it is unclear if the ransom was paid.

However, the truth will be out soon as all 6 have been located and arrested by the police.

Such publicity is definitely not a good thing for Bitcoin in an already wary country, but I sure got a kick out of hearing about it.