US entrepreneur tortured by gang to get their hands on his bitcoins (BTC)

Spanish police are investigating a case of torture, attempted kidnapping and robbery against an American entrepreneur and Bitcoin (BTC) investor.

The case is believed to involve Dentzel Zaryn, the co-founder of Spanish social media portal Tuenti.

According to El Español, police said the attack took place at Zaryn’s Madrid home on Calle Ruiz de Alarcón, next to the famous Prado Museum.

Zaryn was apparently “accompanied by a maintenance worker” at the time of the alleged attack. The contractor allegedly opened the door “without taking any precautions”, believing it to be “a prostitute he had hired and was waiting for.”

But instead of the woman, a gang of “four or five people” with “Eastern European accents” burst into his house and sprayed Dentzel in the eyes with some kind of spray. The men, who referred to each other as “1, 2, 3 and 4”, then handcuffed Zaryn and subjected him to a four-hour ordeal at knife-point, the American told police.

Police said a “superficial” wound was found on the man’s chest, and Zaryn’s bitcoins were the group’s main target.

The American told police that he had been tasered several times and that the group had covered up all the surveillance cameras in the house. The forensic team is studying other CCTV footage from the building.

Under duress, Zaryn allegedly gave the attackers the login details and passwords to his BTC wallets, but he “managed to lock his accounts before anything was stolen”.

The wallets contained $58 million worth of bitcoins. The group allegedly broke into the house, taking everything that appeared to be valuable, including computers, mobile phones, jewellery, a tablet and a USB stick.

Her ordeal was cut short when neighbours “heard calls for help from inside the building.”

Other neighbours reportedly told officers that shortly after, at about 7:30 p.m., “a group of masked people came down the street, carrying various bags with them.”

Zaryn is originally from Santa Barbara, California, and was born in 1983. He moved to Spain in 1998 and has been working in the technology sector in the country since 2006.

He is also the founder and director of Madrid-based Auro New Transport Concept, which had a turnover of $13.7 million in 2018 – the latest accounts posted, the media outlet notes.

A post on Reddit advised cryptocurrency owners not to disclose details of their holdings and one user wrote:

“To publicly reveal that you own cryptocurrencies is to put a target on your back. You wouldn’t tell people how much money is in your bank account. Do the same for your cryptos.”