The post 176 BTC Extortion Case in India Highlights Best Wallet Token as a Secure Alternative appeared on BitcoinEthereumNews.com. When 14 people, including 11 police officers, were sentenced to life in prison in India for extorting Bitcoin, the headlines sounded like the plot of a Netflix drama. The case revolved around a businessman kidnapped in 2018 and forced to hand over more than 176 $BTC, worth over $19M at today’s prices. It’s a shocking reminder of how fragile digital wealth can be when it’s stored in ways that are too easy to trace or seize. Centralized systems, corrupt officials, and weak security create the perfect storm for anyone holding crypto. But the good news is that better solutions are already here. Why This Case Matters for Every Crypto Holder Shailesh Bhatt, a businessman from Surat, India, wasn’t just unlucky. He became a target because his Bitcoin stash was visible and vulnerable. Court records showed he was beaten, intimidated, and forced to transfer coins directly under police watch. The story underscores a wider problem: even in the digital age, your assets are only as safe as the way you store them. Traditional wallets and centralized exchanges often act like neon signs for bad actors. And when corruption joins the game, no amount of excuses can shield your portfolio. This is why more people are searching for decentralized, private, and future-proof storage options. That’s where a new crypto project like Best Wallet Token steps in. What Best Wallet Token ($BEST) Does Differently Best Wallet Token ($BEST) is tied to Best Wallet, the first of a new generation of crypto wallets designed to challenge outdated applications like MetaMask. The project is rewriting the playbook for how wallets should work in 2025. The app is built with a streamlined, user-friendly interface, making it approachable for newcomers yet powerful enough for seasoned investors. What sets Best Wallet Token apart are its exclusive features. Its… The post 176 BTC Extortion Case in India Highlights Best Wallet Token as a Secure Alternative appeared on BitcoinEthereumNews.com. When 14 people, including 11 police officers, were sentenced to life in prison in India for extorting Bitcoin, the headlines sounded like the plot of a Netflix drama. The case revolved around a businessman kidnapped in 2018 and forced to hand over more than 176 $BTC, worth over $19M at today’s prices. It’s a shocking reminder of how fragile digital wealth can be when it’s stored in ways that are too easy to trace or seize. Centralized systems, corrupt officials, and weak security create the perfect storm for anyone holding crypto. But the good news is that better solutions are already here. Why This Case Matters for Every Crypto Holder Shailesh Bhatt, a businessman from Surat, India, wasn’t just unlucky. He became a target because his Bitcoin stash was visible and vulnerable. Court records showed he was beaten, intimidated, and forced to transfer coins directly under police watch. The story underscores a wider problem: even in the digital age, your assets are only as safe as the way you store them. Traditional wallets and centralized exchanges often act like neon signs for bad actors. And when corruption joins the game, no amount of excuses can shield your portfolio. This is why more people are searching for decentralized, private, and future-proof storage options. That’s where a new crypto project like Best Wallet Token steps in. What Best Wallet Token ($BEST) Does Differently Best Wallet Token ($BEST) is tied to Best Wallet, the first of a new generation of crypto wallets designed to challenge outdated applications like MetaMask. The project is rewriting the playbook for how wallets should work in 2025. The app is built with a streamlined, user-friendly interface, making it approachable for newcomers yet powerful enough for seasoned investors. What sets Best Wallet Token apart are its exclusive features. Its…

176 BTC Extortion Case in India Highlights Best Wallet Token as a Secure Alternative

2025/08/30 19:05

When 14 people, including 11 police officers, were sentenced to life in prison in India for extorting Bitcoin, the headlines sounded like the plot of a Netflix drama.

The case revolved around a businessman kidnapped in 2018 and forced to hand over more than 176 $BTC, worth over $19M at today’s prices.

It’s a shocking reminder of how fragile digital wealth can be when it’s stored in ways that are too easy to trace or seize.

Centralized systems, corrupt officials, and weak security create the perfect storm for anyone holding crypto. But the good news is that better solutions are already here.

Why This Case Matters for Every Crypto Holder

Shailesh Bhatt, a businessman from Surat, India, wasn’t just unlucky. He became a target because his Bitcoin stash was visible and vulnerable.

Court records showed he was beaten, intimidated, and forced to transfer coins directly under police watch.

The story underscores a wider problem: even in the digital age, your assets are only as safe as the way you store them. Traditional wallets and centralized exchanges often act like neon signs for bad actors.

And when corruption joins the game, no amount of excuses can shield your portfolio.

This is why more people are searching for decentralized, private, and future-proof storage options. That’s where a new crypto project like Best Wallet Token steps in.

What Best Wallet Token ($BEST) Does Differently

Best Wallet Token ($BEST) is tied to Best Wallet, the first of a new generation of crypto wallets designed to challenge outdated applications like MetaMask.

The project is rewriting the playbook for how wallets should work in 2025. The app is built with a streamlined, user-friendly interface, making it approachable for newcomers yet powerful enough for seasoned investors.

What sets Best Wallet Token apart are its exclusive features. Its Upcoming Tokens tool is a game-changer for presale buyers, allowing users to participate in token sales directly inside the app without worrying about scam mirror sites.

Security is another pillar, powered by Fireblocks MPC-CMP wallet technology, which adds an extra layer of protection against hacks or breaches.

On top of that, token holders enjoy real utility: reduced transaction fees, early access to promising new crypto projects, higher staking rewards, and even a say in ecosystem governance.

The presale itself has been designed to reward the community. Early adopters get the best deals before the wider market catches on.

In short, Best Wallet is a disruptive platform with the potential to become a market leader.

Why You Should Pay Attention to $BEST Now

Stories like the Indian kidnapping scandal highlight one hard truth: crypto security is only as strong as the tools you use.

If a businessman with hundreds of Bitcoin can be forced to hand them over because his storage wasn’t bulletproof, imagine how vulnerable the average holder can be.

Best Wallet Token offers a real solution.

At the time of writing, $BEST is priced at just $0.025555, and the presale has already raised $15.2M. Those numbers show strong demand but also leave room for major upside once listings hit.

For investors looking beyond short-term meme coins and chasing the best altcoins with long-term potential, $BEST stands out as one of the best presale opportunities on the market.

It combines the utility of a working product, the growth of a fast-scaling user base, and the urgency of a limited presale window.

Buying in now could mean securing your spot before the real momentum begins.

The Lesson from India’s Latest Crypto Scandal

The Indian kidnapping case is a grim story but also a clear warning. Don’t let your crypto become an easy target.

Best Wallet Token offers a safer, smarter alternative for anyone serious about protecting their assets while staying open to growth. It might just be the wallet upgrade your portfolio has been waiting for.

This article is for informational purposes only and doesn’t constitute financial advice. Always do your own research (DYOR) before investing in crypto.

Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.

Source: https://bravenewcoin.com/after-indias-176-bitcoin-extortion-investors-seek-security-in-best-wallet-token-best

Market Opportunity
Threshold Logo
Threshold Price(T)
$0.00937
$0.00937$0.00937
-3.50%
USD
Threshold (T) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime

SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime

The post SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime appeared on BitcoinEthereumNews.com. In a pivotal week for crypto infrastructure, the Solana network
Share
BitcoinEthereumNews2025/12/16 20:44
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Share
BitcoinEthereumNews2025/09/18 00:41