The mastermind behind the $245 million Bitcoin theft case admits to planning the kidnapping Odaily Planet Daily News: California cryptocurrency executive Adam Iza admitted on Monday that he planned an attempted kidnapping of Veer Chetal's parents. This case is related to Veer Chetal's previous involvement in the $245 million Bitcoin theft case. Adam Iza, also known as Ahmed Faiq, is 25 years old and used to run the cryptocurrency trading company Zort, calling himself the "Godfather". Veer Chetal and two others involved in the case stole 4100 bitcoins worth approximately $245 million from Washington residents by impersonating technical support personnel from Google and cryptocurrency exchanges. Adam Iza and his accomplices attempted to obtain some of the stolen money by kidnapping Veer Chetal's parents. In addition, Adam Iza admitted to stealing over $37 million through fraudulent access to Meta's business manager accounts and credit limits between 2020 and 2022. Federal prosecutors are seeking at least 14 years in prison when sentencing him. (fortune)