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Missouri man pleads guilty after helping kidnap family of Bitcoin theft suspect in Connecticut

A 22-year-old Missouri man has pleaded guilty to helping kidnap the parents of an individual linked to a multi-hundred-million-dollar Bitcoin theft, capping a violent Connecticut plot that has now produced eight guilty pleas across the case.

by Ayuba Haruna
2 months ago
in Crypto News
Reading Time: 1 min read
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The U.S. Attorney’s Office for the District of Connecticut announced on June 8 that Saif Faiq, of St. Louis, pleaded guilty in Hartford federal court to conspiracy to interfere with commerce by robbery, a charge carrying a maximum sentence of 20 years. His sentencing is scheduled for August 28.

The case traces back to August 25, 2024, when Danbury police arrested six Florida men following a violent carjacking of a Lamborghini Urus and the abduction of its two occupants. Court documents revealed the victims were the parents of someone prosecutors allege participated in the theft of hundreds of millions of dollars in Bitcoin.

Faiq’s role was organisational. According to prosecutors, he helped recruit participants, coordinated logistics with Adam Iza, and conducted surveillance on the victims ahead of the planned home invasion and kidnapping. He travelled to Connecticut specifically to take part in the operation.

Investigators also alleged that a co-conspirator had a prior altercation with the victims’ son at a Miami nightclub in July 2024, an encounter that prosecutors say preceded the organised abduction. That individual later provided funding, arranged transportation, and secured lodging before the Danbury incident.

As the U.S. Attorney’s Office stated: “In an attempt to steal some of that Bitcoin, Faiq and others planned and coordinated the attempted robbery and ultimately the kidnapping.”

Faiq has been in custody since his arrest on November 12, 2025. Iza, identified by prosecutors as Faiq’s brother, pleaded guilty to the same charge on June 1, 2026, and remains detained pending sentencing.

All six individuals arrested at the scene in Danbury have also pleaded guilty, bringing the total number of defendants who have admitted their roles to eight.

Tags: bitcoin theftcrypto crimeDanbury Connecticutguilty pleaHobbs Act robberykidnappingSaif FaiqU.S. Department of Justice
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Ayuba Haruna

Ayuba Haruna

Ayuba Haruna is a crypto and finance writer, and also an editor with over 5 years experience. He specializes in regulatory enforcement, DeFi protocols, and market analysis, delivering rigorous, well-sourced journalism. His editorial philosophy: let the facts speak for themselves. Specific figures, named sources, and balanced perspectives over sensationalism. When he's not editing breaking news, Ayuba enjoys watching films.

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