Australian crypto billionaire Tim Heath narrowly escaped a kidnapping try in Estonia final yr by biting off a part of the attacker’s index finger, an Estonian courtroom has heard.
Heath, a long-time crypto investor, was attacked by two males posing as painters within the stairwell of his condo constructing in July final yr. There was a rising variety of crypto kidnappings in 2025, forcing executives to beef up safety.
One of many attackers, Azerbaijani nationwide Allahverdi Allahverdiyev — a former boxer and wrestler — tried to silence Heath by putting a hand over his mouth, the Sydney Morning Herald reported on Wednesday, citing Estonian media outlet Eesti Ekspress.
The assailants plotted to drive Heath right into a van, however Heath bit by means of the assailant’s index finger and managed to interrupt free, looking for sanctuary in his condo, an Estonian courtroom heard.
Heath reportedly misplaced a tooth within the 30-second battle. The attackers fled shortly after, abandoning the van close by. A part of the finger was later discovered on the street 100 meters away from the scene of the assault.
Initially from Victoria, Australia, Heath based the Estonian-based Yolo Group and its enterprise capital arm Yolo Investments, which invests closely in fintech, crypto and igaming. The Australian Monetary Evaluate Wealthy Listing estimates Heath’s web value at 2.46 billion Australian {dollars} ($1.61 billion)
Plot was months within the making
The group of seven kidnappers allegedly had been stalking Heath within the lead-up to the assault, each in individual and utilizing a GPS tracker on his car, the Sydney Morning Herald reported.
The group allegedly entered Estonia utilizing solid Georgian passports and spent the times earlier than the assault buying painters’ uniforms and different objects from {hardware} shops so they might pose as workmen.
It’s alleged that the plan was to move Heath to a rented sauna home close by and drive him to switch over his crypto holdings. A hacker was additionally allegedly recruited to help.
Apart from Allahverdiyev, Georgian citizen Ilgar Mamedov has additionally been arrested. Each males are on trial in Estonia. Two others are needed by police, together with the alleged organizer, Najaf Najafli, whereas three have but to be recognized.
The accused claims innocence
Allahverdiyev instructed the courtroom he was promised 100,000 euros ($118,000) for the kidnapping however “solely pretended to do one thing” and later instructed everybody concerned to abort the plan, in line with the Sydney Morning Herald.
Prosecutors allege Mamedov was the getaway driver. Nevertheless, he denies involvement and claims he got here to Estonia accidentally whereas touring within the area and that any allegations he was concerned are a “lie” and “a fabrication.”
Risk may nonetheless ongoing
Prosecutors additionally declare that just a few weeks after the failed kidnapping plot, Heath obtained a message through Telegram with photographs of his condo and a requirement for 30 Bitcoin (BTC) value round $3.3 million on the time.
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When Heath didn’t reply, the abductors made no additional makes an attempt to contact him, however prosecutors argue the risk may be ongoing.
Heath has reportedly spent greater than $3.1 million on personal safety for the reason that assault and moved properties. His authorized staff is looking for to have the prices of his new safety reimbursed by the accused kidnappers.
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