Bitcoin Exchange CEO Kidnapped Leaving Office

Being a "Bitcoin Billionaire" just got a bit more complicated after reports surfaced that the CEO of EXMO, a UK-based Bitcoin exchange, was kidnapped in Kiev.  According to The Telegraph, Pavel Lerner (40) was pulled into a black Mercedes Benz by a group of armed men wearing ski masks as he left his office in the Obolon district of Kiev on December 26.

Adding to the intrigue of the abduction, EXMO's website suffered a DDOS attack this morning, which knocked trading temporarily offline, just as news of the kidnapping begin to draw public attention.

Following the news of Lerner's disappearance, EXMO issued a statement requesting "any information regarding his whereabouts" and assuring customers that he could not be 'convinced' to give up their Bitcoin or personal data stored on the exchange.

A spokesman was unavailable for comment but a statement sent to RT, the broadcaster backed by the Russian government, said that Mr Lerner's kidnapping would not affect the business.

"We are doing everything possible to speed up the search of Pavel Lerner," it said.

"Any information regarding his whereabouts is very much appreciated. Despite the situation, the exchange is working as usual. We also want to stress that nature of Pavel’s job at EXMO doesn’t assume access either to storages or any personal data of users. All users funds are absolutely safe."

Pavel Lerner

According to RT, Lerner, a Russian citizen, has a number of startups in the Ukraine linked to cryptocurrency mining and blockchain technology in addition to being the CEO of EXMO.

Earlier this month we reported that, Nice Hash, the largest crypto-mining marketplace, was hacked with over 4,700 bitcoins, worth over $62 million, stolen and ultimately ending up at the following address:

Of course, it's completely unclear whether Lerner's disappearance has anything to do with his links to various cryptocurrency ventures and Kiev police have yet to release any details on potential motives for the kidnapping.


wildbad new game Fri, 12/29/2017 - 06:08 Permalink

is it safe...fucking slayed me.

feel sorry for mr crypto though...

there ought to be a law...i wonder if there can be a consensus model built into the cryptos to "black ball" illicitly gained funds? i don't see why not...then we might get into the problem of who's watching the watchers.etc etc.

In reply to by new game

Fahq Yuhaad Bigly Fri, 12/29/2017 - 05:33 Permalink

no edit button on PC either and preview mode does not work.

Symfony\Component\Routing\Exception\InvalidParameterException: Parameter "entity_id" for route "" must match "[0-9_]+" ("" given) to generate a corresponding URL. in Drupal\Core\Routing\UrlGenerator->doGenerate() (line 204 of /var/www/docroot/core/lib/Drupal/Core/Routing/UrlGenerator.php).

In reply to by Bigly

Donate Moar Bigly Fri, 12/29/2017 - 09:54 Permalink

Yes, it absolutely matters!

I pity the (web) developers that must maintain multiple platforms.

The programming languages are supposed to transparently

handle the variety of platforms, but there are always problems.

If a web site uses commonly used features, then problems are

typically minimized, and ZH seems to adhere to this philosophy.



for maintaining their site and tolerating the peanut gallery that

followings them around.



One Burned Out Software Engineer

(who now spends his time fixing small engines in Florida)...



In reply to by Bigly