In the hours following Nancy Guthrie’s kidnapping, ransom notes were sent to multiple news outlets demanding $6 million in Bitcoin by 5 p.m. ET on Monday.
Guthrie, 84, the mother of “Today Show” co-anchor Savannah Guthrie, was taken from her home nine days ago. Since her disappearance, news outlets have received messages detailing cryptocurrency payment instructions.
Criminals are increasingly turning to Bitcoin and other digital assets in ransom and extortion cases for several reasons.
Personal information is not required to access a private cryptocurrency wallet; this is one reason criminals often prefer self-custody wallets for their Bitcoin, requiring only a digital wallet and a pseudonym. Once funds are transferred to the digital wallet, the transaction cannot be reversed, unlike credit card payments or wire transfers, which can sometimes be disputed or clawed back. There is also no central authority that can freeze a Bitcoin wallet or halt a transaction.
Chainalysis’s 2024 Crypto report stated, “Human trafficking operations have increasingly leveraged cryptocurrency, while there has also been a particularly disturbing rise in physical coercion attacks, in which criminals use violence to force victims to transfer assets, often timing these assaults to coincide with cryptocurrency price peaks.” Chainalysis estimated that tens of billions of dollars in cryptocurrency were linked to illicit activity in 2024.
However, Bitcoin does not provide total anonymity; it operates on a public, immutable ledger, meaning every transaction is permanently recorded and visible.
The Daily Wire spoke to Lionsgate Networks CEO Bezalel Eithan Raviv, who leads a firm that specializes in crypto security and asset recovery.
“A lot of people believe there’s no way to trace or recover crypto. This is a myth,” Raviv said.
He told The Daily Wire that using only the Bitcoin address provided in the ransom messages, the funds could indeed be tracked. “We would send a single dollar and we will trace the location of where it hits and lands. We would give that intel to law enforcement without sending $6 million in crypto. You can probe that wallet with a very small transaction.”
Tracing typically identifies wallet relationships and exchange touchpoints, not precise locations.
Raviv warned that such cases are likely to increase, as he believes criminals are often more sophisticated than law enforcement.
“Unfortunately, what we have experienced with this very unfortunate story will only scale,” he said. “Cybercriminals have the leverage because they do understand the tactics and the maneuvers that law enforcement will probably take years to catch up with.”
Still, Raviv emphasized that blockchain transparency remains a powerful investigative tool. “Blockchain is a language,” Raviv said. “And if you can speak it, you can do a lot with it.”
The second deadline for Nancy Guthrie has passed. The ransom reportedly increased from $4 million to $6 million on Monday.
On Monday, Savannah Guthrie posted a video on Instagram calling on the public to pray for her mother’s safe return and contact law enforcement “if there is anything at all that seems strange.”
“We are at an hour of desperation, and we need your help,” she added.
Tuesday marks day ten of the search for Nancy Guthrie.
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