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Millionaire Arrested for Wife’s Murder in $10M Monero Ransom Kidnap Case

When Norwegian millionaire Tom Hagen reported that his spouse had been kidnapped in October 2018, included was a ransom notice demanding $10 million value of the cryptocurrency Monero.

Now, after Hagen’s arrest by native authorities on April 28 on suspicion for the homicide of Anne-Elisabeth Hagen, it appears as if the ransom demand might have merely been a strategy to cowl up the crime.

The case has gripped the nation and Reuters reported on April 29 that Police Lawyer Aase Kjustad Eriksson informed a information convention that, after an 18 month investigation, the police have now had “purpose to suspect Tom Hagen of homicide or conspiracy for homicide”.

He has not but been charged with the crime. Nevertheless, Police Inspector Tommy Broeske mentioned: “there was no kidnapping, no actual negotiating counterpart or actual negotiations. There are indications of a will [sic] to sidetrack [the investigation].”

Hagen’s lawyer mentioned he denied any involvement.

$10M Monero in ransom

As one of many richest folks in Norway, Hagen is value roughly $161 million. It’s unknown precisely how a lot he has invested in Bitcoin (BTC) or different digital property. His spouse, Anne-Elisabeth, was reported lacking from their residence close to Oslo on October 31, 2018. 

Regardless of the flip on this case, there have been cases by which cryptocurrency has been paid for a kidnapping ransom. In January, Singaporean Mark Cheng was taken hostage in Thailand and tortured for a $740,000 BTC ransom. He transferred $46,000 earlier than managing to flee.

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