South African gangsters kidnap boy and demand 15 bitcoins as ransom

On May 24, according to cointelegraph, last Sunday, a 13-year-old boy was kidnapped while playing with his friends in Witbank, a small city in Natal Province, South Africa.

Police said the kidnappers asked the boy's parents to deposit cash in the form of Bitcoin into a designated wallet address and demanded a ransom of 15 Bitcoins, or about $123,000.

However, local media reported that the boy's parents had no idea what Bitcoin was and were in despair.