Pavel Lerner, the managing director of EXMO, who was recently kidnapped in the middle of the street on Tuesday, December 26th in Kiev Ukraine, was freed.

Soon after the managing director was kidnapped, the company was hit with a cyberattack, specifically, a distributed denial of service attack.

Those who abducted him, let him go after the reception of one million in the form of the pioneer cryptocurrency, Bitcoin.

During the time of his kidnapping, many were speculating as to why he was abducted, and the local police launched an investigation to solve the case.

The Release of the Director

The managing director of EXMO was recently released after his hairy ordeal with his abductors.

Many tried to guess as to the nature of the abduction but didn’t come to a concrete conclusion. It is now a fact that Pavel Lerner is alive and well. He was released by his captors after they received their demand of one million in the form of Bitcoins.

The abduction

Pavel was in the process of leaving his place of work in the city of Kiev on Tuesday the 26th when he was pulled into a black Mercedes vehicle by a group of individuals wearing ski masks.


As soon as the local Kiev law enforcement were aware of the incident they immediately launched an investigation, initially, to no avail. Over time, they learned more details and were able to take appropriate action.

Why did the abductors do it?

Initially, it wasn’t apparent as to why the abduction of Pavel took place; many thought that this was in regards to his affiliation with his place of employment. The idea is that, since he is in a position of authority, then he would be able to retrieve funds from the many clients of the cryptocurrency exchange.

The cryptocurrency exchange quickly responded to the incident and issued statements letting their clients know that Lerner did not have the access to funds.

The actual position that Lerner held was unclear, as one report states that he is a Managing Director, while another report notes that he is a manager of analytics at the firm, working out of the country of Spain.  While the incident was going on, the firm reported that they were under a distributed denial of service attack and were working to resolve this issue as soon as possible.

The company noted that they were under a DDOS attack and their site and trading will return within half an hour. They also commented and apologized for the temporary inconvenience.

DDOS and Pavel Lerner situation Resolved

It seems as if the website is back to its full state and all personnel is back to their regular lives, just in time for the new year. These past few days were disconcerting for all those involved, but it seems that everything is back to normal, as Pavel is released back to his routine. The abductors received their ransom demands and held up their end of the bargain.

EXMO comments on the case

With the recent events in mind, EXMO Cryptocurrency Platform is releasing the official statement on the abduction of Pavel Lerner. Pavel holds a role of a leading analyst at EXMO, and is a blockchain expert who leads an array of personal blockchain startup projects not related to the operations of the EXMO platform.

On December 26, Pavel was captured by a group of unknown masked people, and all the connection with him ceased for several days. On December 29, we managed to get a hold of Pavel. At the moment, he is safe, and there was no physical harm inflicted on him.

Nevertheless, Pavel is currently in a state of major stress, therefore, he will not provide any official comments in the coming days.

The case is currently under investigation of the state security authorities.

The Birguru team wishes EXMO, Pavel and rest of their team luck going forward.