A California crypto businessman nicknamed "The Godfather" faces 35 years in prison on charges of fraud and attempted kidnapping.

CoinFeed reported on June 4th that, according to Cryptopolitan, Adam Iza, a 25-year-old California cryptocurrency businessman nicknamed "The Godfather," has pleaded guilty to orchestrating an attempted kidnapping of a Connecticut couple and faces up to 35 years in prison. The couple's son had previously stolen 4,100 bitcoins (worth approximately $245 million) through a social engineering scam. Iza and his accomplices attempted to kidnap the parents to extort the stolen bitcoins. In August 2024, six attackers staged a car crash and kidnapped victims in Danbury, Connecticut. One victim was beaten with a baseball bat, and two others were bound with duct tape. After witnesses called the police, an off-duty FBI agent assisted, and police located the vehicle and arrested all suspects within minutes. Iza pleaded guilty on Monday to one count of robbery and faces up to 20 years in prison.