BusinessPostCorner.com
No Result
View All Result
Monday, July 14, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Crypto Tycoon Tim Heath Foils Kidnapping Attempt by Biting Off Attacker’s Finger

July 3, 2025
in Crypto News
Reading Time: 3 mins read
A A
0
Crypto Tycoon Tim Heath Foils Kidnapping Attempt by Biting Off Attacker’s Finger
ShareShareShareShareShare

Australian crypto billionaire Tim Heath narrowly escaped a violent kidnapping attempt in Tallinn, Estonia, last July by biting off part of an attacker’s finger, an Estonian court heard this week.

Key Takeaways:

  • Tim Heath escaped a kidnapping attempt in Estonia by biting an attacker’s finger.
  • The suspects stalked Heath for weeks, using disguises and a GPS tracker.
  • Seven men are accused of plotting to abduct Heath and steal his crypto assets.

The chilling incident highlights the growing wave of targeted abductions against wealthy crypto figures in 2025, which has forced many executives to bolster their security measures.

Heath, a prominent investor and founder of the Estonian-based Yolo Group, was ambushed by two men disguised as painters in the stairwell of his apartment building.

Ex-Boxer Tries to Muzzle Crypto Tycoon in Failed Kidnapping

According to testimony cited by Estonian outlet Eesti Ekspress and the Sydney Morning Herald, one of the attackers, Azerbaijani national Allahverdi Allahverdiyev, a former boxer and wrestler, tried to silence Heath by covering his mouth.

In a desperate act of self-defense, Heath bit through Allahverdiyev’s index finger, managing to break free and retreat into his apartment.

The struggle, which lasted about 30 seconds, cost Heath a tooth but forced the kidnappers to flee.

The attackers abandoned a rented van nearby, and police later discovered part of Allahverdiyev’s severed finger about 100 meters from the scene.

Court documents revealed the attackers had been stalking Heath in the weeks before the assault, both physically and with a GPS tracker placed on his vehicle.

The group allegedly planned to force Heath into the van, transport him to a rented sauna house, and coerce him into transferring his crypto holdings.

This is David Balland.

He co-founded Ledger, one of the biggest companies in crypto

This week, he was kidnapped and tortured

Here’s the full story of what happened: (and why it’s a wake-up call for everyone in crypto) pic.twitter.com/0NpLlN8aZm

— Pix (@PixOnChain) January 24, 2025

Prosecutors say a hacker was also involved to expedite the digital theft.

The group of seven suspects reportedly entered Estonia using fake Georgian passports.

In the days before the attack, they bought painters’ uniforms and equipment to pose as workmen.

Two men have been arrested so far: Allahverdiyev and Georgian citizen Ilgar Mamedov, who prosecutors claim was the getaway driver.

Mamedov has denied involvement, insisting he ended up in Estonia by accident. Three other suspects remain unidentified, and two, including the alleged ringleader Najaf Najafli, are wanted by authorities.

Kidnappers Demanded 30 Bitcoin After Failed Abduction

After the failed abduction, Heath allegedly received a Telegram message containing photos of his apartment along with a demand for 30 Bitcoin, worth about $3.3 million at the time.

When Heath didn’t respond, there were no further attempts to contact him, but prosecutors argue the threat could still be active.

Heath has since spent over $3.1 million on private security and relocated to a new home.

His legal team is pursuing reimbursement of these costs from the accused kidnappers as the court case continues in Estonia.

The recent attack follows a more brutal incident on May 1, when four masked men abducted the father of a crypto entrepreneur in Paris, cutting off one of his fingers before police intervened.

In another incident, the father of a crypto millionaire was brutally attacked. And in New York, a tourist was tortured for over two weeks as kidnappers tried to extract his Bitcoin credentials.

The post Crypto Tycoon Tim Heath Foils Kidnapping Attempt by Biting Off Attacker’s Finger appeared first on Cryptonews.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Gilts rally after Starmer says Reeves will remain as chancellor for ‘a long time’

Next Post

House GOP can’t pass Trump’s tax bill as holdouts on center and far-right push back in late-night session

Next Post
House GOP can’t pass Trump’s tax bill as holdouts on center and far-right push back in late-night session

House GOP can’t pass Trump’s tax bill as holdouts on center and far-right push back in late-night session

How Labour can balance the books without doing more damage

How Labour can balance the books without doing more damage

July 13, 2025
Trump account could hit 0,000 by age 21—and  million by 60

Trump account could hit $100,000 by age 21—and $2 million by 60

July 12, 2025
CoreWeave’s  billion acquisition of Core Scientific gives an AI roadmap for struggling Bitcoin miners

CoreWeave’s $9 billion acquisition of Core Scientific gives an AI roadmap for struggling Bitcoin miners

July 9, 2025
Investment banking set to extend worst run in over a decade

Investment banking set to extend worst run in over a decade

July 14, 2025
US Banking Regulator OCC Gets New Chief with Crypto Industry Roots

US Banking Regulator OCC Gets New Chief with Crypto Industry Roots

July 11, 2025
OKX Adds PayPal Integration for Crypto Purchases Across Europe

OKX Adds PayPal Integration for Crypto Purchases Across Europe

July 14, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

The Contrarian AI Flags 3 Meme Coins Set for Late-2025 Breakouts – Here’s Why

The Contrarian AI Flags 3 Meme Coins Set for Late-2025 Breakouts – Here’s Why

July 14, 2025
5 best CRMs for property management businesses in 2025

5 best CRMs for property management businesses in 2025

July 14, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!