A disturbing case in New York has brought new attention to a violent trend in the world of crypto crime. An Italian tourist was reportedly abducted, tortured, and held for weeks by individuals who were allegedly trying to force him to give up access to his digital wallet.

The broader crypto industry, including major companies like Canaan Inc. (NASDAQ: CAN), needs to keep refining their security measures in order to keep not just their digital systems safe but also improve…

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