Brazen bitcoin kidnapping and carjacking co-conspirator pleads guilty, faces up to 20 years in prison: DOJ (opens original article in a new tab)

Saif Faiq, involved in a 2024 bitcoin-related kidnapping scheme, has pleaded guilty to conspiracy and faces up to 20 years in prison. His brother and six others were also involved in the plan, which included a carjacking and home invasion.

• Saif Faiq pleaded guilty to conspiracy in a bitcoin-related kidnapping scheme.
• The scheme involved kidnapping the parents of a crypto millionaire and a carjacking in Connecticut.
• Faiq faces up to 20 years in prison and will be sentenced on August 28.