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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Swedish Man Sent to Prison for Mailing Bomb to Bitcoin Firm CryptoPay

Tony "The Bull" Severino
Tony "The Bull" Severino
6 years ago
3 mins read
Crypto

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A Swedish man suspected in a case involving a bomb being mailed to a Bitcoin firm has been convicted of attempted murder and is facing up to seven years in prison.

Swedish Bitcoin Bomber Convicted of Attempted Murder

According to the Associated Press, Michael Salonen, age 43, has been sentences to up to seven years in prison by the Stockholm District Court. 

Salonen has been convicted of attempted murder, after the individual mailed a letter bomb to London-based Bitcoin firm CryptoPay. Salonen has also been convicted of mailing threatening letters to Swedish lawmakers and government officials.

Court documents reveal that back in August of 2017, Salonen mailed a package addressed to two of CryptoPay’s employees, containing two bombs – similar to pipe bombs – to CryptoPay’s offices. 

The package was sent in care of The Accountancy Cloud to CryptoPay employees George Basiladze and Dmitrii Guniashov; however, CryptoPay co-founder Wesley Rashid opened the package, which thankfully didn’t detonate.

Salonen was also found guilty of 20 counts of threats in relation to letters filled with a mysterious white powder that was sent to Swedish lawmakers. 

Swedish Prime Minister Stefan Lofven was among the government officials targeted, and was sent a letter containing a harmless, unspecified white powder, and a note that read “you will soon be dead.” A number of Swedish lawmakers received similar letters and threats.

Evidence discovered on Salonen’s computer confirms the bomber had an account with CryptoPay, and had searched for bomb-making instructions on the web. British authorities investigating the case also found DNA matching Salonen on the bombs that were mailed to CryptoPay.

Salonen was arrested back in May at Stockholm Arlanda Airport, and has been detained and awaiting trial ever since. Now, Salonen could spend up to seven years behind bars.

No motive was revealed, and it’s still not clear how Swedish government officials have any connection to CryptoPay aside from each receiving threats from Salonen.

Related Reading: Crypto Doom and Gloom: Banking CEO Says There’s “No Interest” from Institutions

Volatile Assets Lead to Increasingly Volatile Emotions

While in Salonen’s case, no motive was revealed so its unclear as to why the individual reacted so violently. However, it’s not uncommon to learn of stories of investors giving into their emotional state and reacting abruptly.

This week, an unnamed Indian teenager was charged with threatening to “bring AK-47s, grenades and suicide belts and blow up” Miami International Airport, over frustrations the teen faced involving the FBI and a alleged Bitcoin scam. 

In this example, the youth borrowed money from his Dad to invest in Bitcoin, which he then turned profit from. The Indian teen then took his Bitcoin earnings and turned them over to a scammer who promised a substantial return, only to make off with the Bitcoin.

In March a Chinese investor threatened to commit suicide by drinking poison in front of cryptocurrency exchange OKEx, in response to his Bitcoin holdings being liquidated.

Investors should always follow the golden rule to avoid becoming over-emotional about asset performance: Never invest more than you can afford to lose.

Featured image from Shutterstock.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

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