Michael Valentino Carturan was living large in a $40,000-a-month Manhattan townhouse, funded by his success in crypto. Last month, however, that luxurious lifestyle turned into a nightmare when he was kidnapped and held for 17 days by two men—William Duplessie and John Woeltz—who were after access to his crypto fortune, estimated at around $28 million.

Industry firms like HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) will be monitoring these security challenges and adapting their safety measures in order to avoid falling victim to this new…

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