Three Suspects Face 20 Years for Plotting Bitcoin Theft Abduction

Three men charged with conspiring to abduct parents of Bitcoin thieves to recover stolen funds, facing up to 20 years in prison after aborting the plot due to security cameras.

Woofun AI reports that federal prosecutors in Connecticut have charged Sedric Louis, John Davis, and Martel Williams with conspiring to disrupt business operations through robbery. The trio is accused of planning to break into residences and force victims to surrender cryptocurrencies linked to the theft of hundreds of millions of dollars worth of Bitcoin. Each defendant faces a maximum sentence of 20 years in prison.

The prosecution alleges that between August 21 and 24, 2024, the group traveled to Connecticut, rented a vehicle, and prepared air guns and walkie-talkies. They monitored their targets for two days before abandoning the scheme due to concerns about home security cameras. Louis and Davis have been in custody since June 25 and pleaded not guilty on July 30, while Williams was released on bail after pleading not guilty on July 17.