Norway: Kidnappers of Millionaire’s Wife Ask for $10M Worth of Monero Ransom

The wife of one of the richest Norwegians has been missing and nowhere to be found. According to local news, the wife is in the hands of kidnappers who are asking for the ransom to be paid in Monero (XMR).

The wife of Tom Hagen, Anne-Elisabeth Falkevik Hage, has been missing since October 2018. The police’s insinuation is she’s fallen victim to perpetrators who kidnap her in exchange of a ransom.

The local newspaper Romerikes Blad published on January 9 that someone claims to be the kidnapper of Anne. The kidnapper asks for nine million euros or around $10 million to release the wife of Tom Hagen.

The high amount of ransom is due to the large wealth of Anne’s husband. Tom reportedly owns an approximately $200 million fortune, which is around 1.7 billion Norwegian krone. This makes him the 172nd wealthiest man in the country. Tom’s wealth comes from electricity speculation, according to the report.

Anne’s kidnapper purportedly asked Monero (XMR) for ransom.

In case Tom obliged to the kidnapper’s request, he will be sending more than one percent of Monero’s total market capitalization. Based on CoinMarketCap, XMR has a market cap of around $900 million at present. This is far from the currency’s all-time high of nearly $5 billion in early 2018.

It’s also worth noting that XMR is one of the most private and anonymous digital currencies on the market today. No wonder the kidnapper has chosen Monero as a mode of payment for the ransom.

Authorities around the world are looking into fighting crypto-related crimes. The London police, for instance, launched a training program to tackle crypto money laundering in July 2018.