Italian mafia gangs now target ‘green gold' as olive oil value surges
Police are hunting five masked men who forced a lorry driver off the road in southern Italy before detaining him at gunpoint and making off with his highly-prized cargo.
The paramilitary operation in the Italian region of Puglia, best known for its Baroque treasures, slow food and breathtaking coastline, happened earlier this month and shocked the country.
But there were no priceless artworks, jewels or drugs on board the lorry – only crates of fresh olive oil worth an estimated £260,000.
This latest robbery highlights the alarming penetration of organised crime into the production of one of Italy's biggest agricultural exports.
With olive oil now fetching up to €15 (£13) a litre, mafia gangs are targeting what's known as 'green gold'.
In a region that produces 40 per cent of the nation's olive oil, producers are taking drastic measures to protect their olives at every stage of the production process.
Coldiretti, the country's largest farmers' organisation, is urging its member to use helicopter surveillance, mount GPS tracking devices on olive oil tanks and demand police escorts to move the finished product across the region.
Pietro Piccioni, the director of Coldiretti's branch in Bari, said: 'During the harvesting period, marauders across the countryside raid the olives that have to be guarded like diamonds at night and escorted during transfers to the olive mills.
'Then the oil mills are forced to notify the police before letting trucks of extra virgin oil leave.'
Leonardo Palmisano, a sociologist and mafia expert, said: 'Puglian mafia organisations are hiring specialised international criminals to carry out these attacks.
'It is at such a high level that they send thieves from other parts of Europe, like they do with car robberies, and then they immediately move the stolen oil into the market for bottling and distribution.
'Olive oil can be stolen and sold for half the price, and sometimes the robberies are even commissioned by mafia-run businesses masquerading as legitimate companies.'
But criminal gangs are also plundering Puglia's olive groves at source. Using sledgehammers to assault the trees, gang members can steal more than 30kg (65lb) of olives per tree in just a few minutes.
The gangs drag nets under the olive trees as accomplices beat the branches to collect as many of the falling olives as possible, often causing irreparable damage.
Coldiretti said these types of robberies had increased over the past three years but often went unreported because of the fear of violence.
Officials are calling on producers to report the incidents to police, even anonymously, so they can tackle the spread of organised crime.
Nicola Di Noia, the director-general of the Italian oil consortium Uniprol, said: 'Agriculture needs greater protection.
'Where there is economic opportunity, there is criminality, agriculture is just like anything else.'
Olives are grown across more than 300,000 hectares (900,000 acres) in Puglia and generate more than €1 billion (£860 million) in annual sales.
Widespread drought and rising production costs have contributed to a surge in prices, making it ripe for exploitation. Producers in northern Puglia are also facing a threat from the bacterium, Xylella, which has destroyed 21 million plants in the Salento region further south.
The Italian mafia has a history of subterfuge involving the prized oil. In 2017, it was revealed the the 'Ndrangheta were exporting fake extra virgin olive oil to the United States, simply re-labelling cheap olive pomace oil.
'Criminals don't have a problem smuggling children, animals or drugs,' said Mr Di Noia.
'We shouldn't be shocked to hear that they are going after olive oil, even though we are more accustomed to seeing assaults on armoured security vans than lorries.
'For these criminals who have no problem stealing, it doesn't matter if it is drugs one day or parmesan cheese another day or olive oil the next.'
Lazzaro D'Auria, who grows tomatoes, fennel, wheat and olives near Foggia, has paid a heavy price for facing down the mafia.
He has lived under 24-hour police protection since 2017 when a mafia boss put a gun to his head, demanding €200,000 a year in extortion payments.
After two years of threats and intimidation, he went to the police and has campaigned against the mafia ever since.
'It takes strength and willpower,' Mr D'Auria said.
'The police do everything they can and we are fighting the mafia together. But it is so embedded in Foggia, it is difficult to destroy it or get away from it.'
While the Sacra Corona, sometimes referred to as Italy's 'Fourth Mafia', is found in southern Puglia, local mafia groups dominate agricultural production in the northern part of the region around Foggia and collaborate with Albanian and other mafia.
Renato Nitti, a highly respected prosecutor based in Trani, said recently the power of Puglia's mafia had been underestimated compared to other criminal organisations operating elsewhere in Italy.
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20 hours ago
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The family's new system involves splitting a single 24-word bitcoin seed phrase — the cryptographic key that unlocks access to their crypto holdings — into four sets of six words, each stored in a different geographic location. Some are kept digitally through blockchain-based encryption platforms, while others are etched by hand into fireproof steel plates using a hammer and letter punch, then hidden in physical locations across four continents. "Even if someone finds 18 of the 24 words, they can't do anything," Taihuttu explained. On top of that, he's added a layer of personal encryption, swapping out select words to throw off would-be attackers. The method is simple, but effective. "You only need to remember which ones you changed," he said. Part of the reason for ditching hardware wallets, Taihuttu said, was a growing mistrust of third-party devices. Concerns about backdoors and remote access features — including a controversial update by Ledger in 2023 — prompted the family to abandon physical hardware altogether in favor of encrypted paper and steel backups. While the family still holds some crypto in "hot" wallets — for daily spending or to run their algorithmic trading strategy — those funds are protected by multi-signature approvals, which require multiple parties to sign off before a transaction can be executed. The Taihuttus use Safe — formerly Gnosis Safe — for ether and other altcoins, and similarly layered setups for bitcoin stored on centralized platforms like Bybit. About 65% of the family's crypto is locked in cold storage across four continents — a decentralized system Taihuttu prefers to centralized vaults like the Swiss Alps bunker used by Coinbase-owned Xapo. Those facilities may offer physical protection and inheritance services, but Taihuttu said they require too much trust. "What happens if one of those companies goes bankrupt? Will I still have access?" he said. "You're putting your capital back in someone else's hands." Instead, Taihuttu holds his own keys — hidden across the globe. He can top up the wallets remotely with new deposits, but accessing them would require at least one international trip, depending on which fragments of the seed phrase are needed. The funds, he added, are intended as a long-term pension to be accessed only if bitcoin hits $1 million — a milestone he's targeting for 2033. The shift toward multiparty protections extends beyond just multi-signature. Multi-party computation, or MPC, is gaining traction as a more advanced security model. Instead of storing private keys in one place — a vulnerability known as a "single point of compromise" — MPC splits a key into encrypted shares distributed across multiple parties. Transactions can only go through when a threshold number of those parties approve, sharply reducing the risk of theft or unauthorized access. Multi-signature wallets require several parties to approve a transaction. MPC takes that further by cryptographically splitting the private key itself, ensuring that no single individual ever holds the full key — not even their own complete share. The shift comes amid renewed scrutiny of centralized crypto platforms like Coinbase, which recently disclosed a data breach affecting tens of thousands of customers. Taihuttu, for his part, says 80% of his trading now happens on decentralized exchanges like Apex — a peer-to-peer platform that allows users to set buy and sell orders without relinquishing custody of their funds, marking a return to crypto's original ethos. While he declined to reveal his total holdings, Taihuttu did share his goal for the current bull cycle: a $100 million net worth, with 60% still held in bitcoin. The rest is a mix of ether, layer-1 tokens like solana, link, sui, and a growing number of AI and education-focused startups — including his own platform offering blockchain and life-skills courses for kids. Lately, he's also considering stepping back from the spotlight. "It's really my passion to create content. It's really what I love to do every day," he said. "But if it's not safe anymore for my daughters ... I really need to think about them."