Svmuu reported that Saif Faiq, one of the organizers of a Bitcoin-related kidnapping case in 2024, pleaded guilty to conspiracy to commit interference with commerce by robbery on Monday at the Hartford Federal Court in Connecticut. He faces a maximum sentence of 20 years in prison, with sentencing scheduled for August 28.
In 2024, Saif Faiq and his brother Adam Iza plotted to kidnap the parents of a cryptocurrency millionaire for extortion. Saif Faiq recruited six men from Florida and assisted in planning a home invasion. The six men intercepted a Lamborghini Urus in Danbury, Connecticut, where they assaulted and briefly detained victims Sushil Chetal and Radhika Chetal. The victims' son, Veer Chetal, who was involved in a social engineering scam that stole approximately 4,100 Bitcoin, had already pleaded guilty last November. Saif Faiq has been in custody since his arrest on November 12, 2025. (The Block)