Guilty Plea in Bitcoin Kidnapping Case, Accomplice Faces Up to 20 Years in Prison

Odaily Planet Daily News Saif Faiq, one of the organizers of a 2024 Bitcoin-related kidnapping case, pleaded guilty on Monday in Hartford Federal Court in Connecticut to conspiracy to commit robbery affecting interstate commerce. He faces up to 20 years in prison, with sentencing scheduled for August 28.

In 2024, Saif Faiq and his brother Adam Iza plotted to kidnap the parents of a cryptocurrency millionaire for extortion. Saif Faiq recruited six men from Florida and assisted in planning a home invasion. The six men intercepted a Lamborghini Urus in Danbury, Connecticut, assaulting and briefly detaining the victims, Sushil Chetal and Radhika Chetal. The victims' son, Veer Chetal, who pleaded guilty last November for his involvement in a social engineering fraud that stole approximately 4,100 Bitcoin, was also involved. Saif Faiq has been in custody since his arrest on November 12, 2025. (The Block)