Florida man pleads guilty in failed ransom plot linked to $240M cryptocurrency theft

World News

1 year ago

News sources:

Credited from: APNEWS

A 19-year-old man from Florida, Michael Rivas, has pleaded guilty to kidnapping and conspiracy charges related to the carjacking and attempted ransom of a couple in Connecticut.
The incident occurred on August 25, where the couple was assaulted **and kidnapped**; authorities linked the plot to a recent $240 million cryptocurrency theft.
Rivas expressed remorse during his court appearance, calling his choice to join a co-defendant's plot a "dumb" decision.
The kidnappers aimed to extort the couple's son, believing he had access to **significant digital currency** as a ransom source.
While prosecutors have not confirmed direct ties between the kidnapping and the cryptocurrency theft, investigations are ongoing.

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