Exmo’s Pavel Lerner was kidnapped in Kiev on December 26th, shortly earlier than the corporate fell below DDOS assault. He has simply been freed after paying a ransom of over $1 million in bitcoins.

Many media experiences got here out this week regarding the information that Pavel Lerner, Managing Director at bitcoin and cryptocurrency alternate Exmo, had been kidnapped. After a couple of days of hypothesis, we are able to now report that Lerner is alive and unhurt. He was free of his kidnappers after paying a $1 million ransom in bitcoins.
According to the BBC, Lerner was leaving his workplace in Kiev on December 26th when he was bundled right into a automobile (reportedly a black Mercedes) by a bunch of males sporting balaclavas. An energetic search was undertaken by the Kiev police, however little or no info was uncovered concerning the kidnapping.

Initial Motive Was Unclear
The preliminary motive behind the kidnapping remained unclear, however it was assumed that it was rooted in his place at Exmo and – in flip – the notion that he has some kind of entry to the corporate’s retailer of shopper funds.
Exmo has been fast to level out that this isn’t the case. The BBC report that Lerner is listed as an Analytics Manager on the alternate, whereas Pavel’s Facebook web page lists him as Managing Director, based mostly out of Barcelona, Spain.
To make issues worse, Exmo additionally turned the goal of a DDOS assault, which it’s reportedly working to resolve (as reported on Twitter):

EXMO is below the DDoS assault.
The website can be obtainable inside half an hour.
We apologize for the non permanent inconvenience.
Sincerely, The EXMO Team
— EXMO (@Exmo_com) December 28, 2017

All indicators recommend that this DDOS assault is now sorted, with the corporate’s web site up and (seemingly) working easily.
Pavel Lerner Released
After a number of days of fear and concern, there’s some excellent news. It has simply been reported that Pavel Lerner has been launched. The kidnappers let him go after he paid a ransom of over $1 million in bitcoins. Authorities state that Lerner is in a state of shock and that he’s very fortunate to be alive. Bitcoinist want to lengthen our greatest needs to Lerner for a full and speedy restoration from his ordeal.

Exmo has simply launched a press release on Lerner’s kidnapping case:
On December 26, Pavel was captured by a bunch of unknown masked folks, and all of the reference to him ceased for a number of days. On December 29, we managed to come up with Pavel. At the second, he’s protected, and there was no bodily hurt inflicted on him. Nevertheless, Pavel is presently in a state of main stress, subsequently, he won’t present any official feedback within the coming days.
The case is presently below investigation of the state safety authorities.
Exactly what affect this may have on the alternate and the broader cryptocurrency house stays to be seen. The proven fact that kidnappers know that they will get a fats ransom for kidnapping alternate executives may be very troubling. One wonders if we’ll see additional kidnapping makes an attempt happen sooner or later.
Does this kidnapping open doorways to future prison assaults? Are you an Exmo shopper? If so, tell us your ideas on the scenario beneath.

Images courtesy of Flickr/Vladimir Kud, Twitter/@Exmo_com, Facebook/Pavel Lerner, and Pixabay.
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