Father of Crypto Tycoon Vanishes As $1,000,000+ Drained from His Bank Accounts: Report

The father of a successful crypto investor is missing, and his family is worried he may have been kidnapped.

Wen Hou, the chief investment officer of the private investment firm Coincident Capital, believes the disappearance of his father, Naiping Hou, could be tied to his crypto wealth.

The younger Hou tells ABC7 Eyewitness News that he hasn’t seen his 74-year-old father since they went on a fishing trip in March. Authorities believe the elder Hou was abducted that month, according to the news outlet.

Wen says he exchanged text messages with his father’s phone, but now believes the person he was texting wasn’t Naiping. Wen says Naiping, a resident of Rancho Cucamonga, California, previously would never pass up an opportunity to see his grandkids.

“I have really young children, and we frequently ask him if he wants to come and visit us… He would refuse now… saying, ‘I’m tired,’ or ‘I can’t meet,’ or ‘I’ll call you later.'” 

Some of Wen’s family friends then went to check on Naiping’s house, but when they arrived, the home was empty.

Wen says they later realized more than $1 million had been stolen from his father’s bank accounts.

“Money was being wired out to buy gold online. He’s not an online-savvy person, so I don’t know how he’s able to buy gold online.”

The San Bernardino County Sheriff’s Department is looking into the matter, and Wen says his family is offering a $250,000 reward for critical info that could lead to a breakthrough in the case.

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