UK Markets closed

Breaking: Blockchain Startup CEO Kidnapped in Kiev

P. H. Madore
Kidnapped Gregory Kucherkov is the CEO of Cornerstone, an effort to fund real estate investment with a blockchain token. Image from Shutterstock.

Sunday, a Ukranian blockchain CEO got kidnapped in Kiev. Gregory Kucherkov is the CEO of Cornerstone, an effort to fund real estate investment with a blockchain token. Conerstone is planning an ICO. CCN received a tip from COO Fedir Martynov, and reached out to him by phone.

Martynov tells us that the firm has already raised some capital for its ICO in a private sale, and they and the local police believe this may be the motive for the kidnapping.

Currently Cornerstone is preparing for an ICO, and has already obtained funds, which the local police believe may be the reason of the kidnapping.

No Ransom Demanded – Yet

The kidnappers have not reached out to Cornerstone about a ransom or anything of the kind as of yet. Martynov provided us the following surveillance video, which shows two men forcing him into a Volkswagon van at gunpoint.

Join CCN for $19.99 per month and get an ad-free version of CCN including discounts on future events and services. Support our journalists today. Click here to sign up.

CCN has been unable to reach anyone from the Kiev police. The kidnappers have yet to contact Cornerstone about a ransom.

According to Martynov, Kucherkov splits his time between New York City and Kiev. He and his partners believe the intent of the kidnapping has to do with the potential value of the start-up.

Read the full story on CCN.com.