Accomplice in Bitcoin-Related Kidnapping Case Pleads Guilty, Faces Up to 20 Years in Prison

Odaily Planet Daily News Saif Faiq, one of the organizers of a Bitcoin-related kidnapping case in 2024, pleaded guilty to conspiracy to commit robbery affecting interstate commerce on Monday in Hartford Federal Court, Connecticut. He faces a maximum sentence of 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 the home invasion. These 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 was involved in a social engineering scam that stole approximately 4,100 Bitcoins, pleaded guilty last November. Saif Faiq has been detained since his arrest on November 12, 2025. (The Block)