Man Jailed For Violent Crypto Robberies

[EluguHcman]

While we may say justice well well served on this guy, let us stay more conscious with our Bitcoin holdings.
For goodness sake how did he knew his victims do have Bitcoin? I guess it is because they were not dedicated to keep their investment of Bitcoin privately.

I have come to understand that most of those who falls victim to physical attacks are mostly asa course that they shows their Worth in the society just to influence them with their wealths.

[bayu7adi]

When crypto already has value and even people who live a hedonistic life thanks to crypto, it opens up opportunities for any robber to enter and infiltrate... someone who robs cryptocurrency must also understand how to convert to FIAT currency, and most likely he knows that there is someone who is attracting attention to be targeted....

As far as possible from this news, we all have to start to be alert and pay attention to our surroundings, that there is no safe place and there are still many people who are jealous of other people's wealth... don't let a lot of your money be the deciding factor in the end of your life in the hands of robbers .. it's very detrimental to your family and also yourself, isn't it?

Thank you for this news notification... it is quite useful and can be used as a valuable lesson.

[Mr. Magkaisa]

This is another proof that privacy should be taken seriously to avoid something like this to happen. For security measures, even if they didn't know you have crypto doesn't mean you don't have to make it secured enough just because they don't know that you have crypto. As Stompix explained, even if you have strong security measures of your wallet but it s never strong enough if your bones are being crushed one by one. Another part comes in handy like not storing your crypto in one basket for them to take all of it once the robber acquired rhe password after broken bones.

       -   The government of every country should focus on this; in fact, it should not be ignored because thieves have upgraded their methods of stealing people. Then the cruelest thing here is that they know if crypto holders are the ones they are robbing or victimizing.

But it's good that he was caught and sentenced to years of imprisonment, and I hope that during the period that he will be in prison, it will teach a strong lesson in the life of a thief.

[Cryptsafe]

This is another proof that privacy should be taken seriously to avoid something like this to happen. For security measures, even if they didn't know you have crypto doesn't mean you don't have to make it secured enough just because they don't know that you have crypto. As Stompix explained, even if you have strong security measures of your wallet but it s never strong enough if your bones are being crushed one by one. Another part comes in handy like not storing your crypto in one basket for them to take all of it once the robber acquired rhe password after broken bones.

       -   The government of every country should focus on this; in fact, it should not be ignored because thieves have upgraded their methods of stealing people. Then the cruelest thing here is that they know if crypto holders are the ones they are robbing or victimizing.

But it's good that he was caught and sentenced to years of imprisonment, and I hope that during the period that he will be in prison, it will teach a strong lesson in the life of a thief.

I am yet to get this cleared. How did the rubbers get to know he had such valued digital assets for them to have attempted to rob him. This is the question we are supposed to be asking because I believe he is not daft to start exposing himself when he knows the repercussion of such act if he eventually does such. What I been wondering is the fact that those rubbers were able to get such information about his crypto assets. Now the question is, How were they able to get such information about his crypto holdings, who informed them about it and who led them to know their victims residence.
And this question have been bothering me to ask too. Does the victim have an account with a local exchange in which he has done a KYC with them before?   If yes do you not think something must have transpired for them to have conspired against him in attacking him? Lots of unanswered questions begging for answers.

[0t3p0t]

While we may say justice well well served on this guy, let us stay more conscious with our Bitcoin holdings.
For goodness sake how did he knew his victims do have Bitcoin? I guess it is because they were not dedicated to keep their investment of Bitcoin privately.

I have come to understand that most of those who falls victim to physical attacks are mostly asa course that they shows their Worth in the society just to influence them with their wealths.

This scenario could also be an inside job where people close to us provides information to their accomplices to plan and surprise us in a bad way. That actually happened a lot and I even heard and watched news here in my country wherein foreigners kidnap fellow foreigners in  exchange for Bitcoins. So from that point of view I don't think we still has courage to show off on social media or from other people about our crypto investments so yeah the only way to survive hostilities and robberies is to stay low key .

[|MINER|]

This is why security and privacy are the main cryptocurrencies.  I think everyone involved in cryptocurrencies should maintain privacy.  Because Bitcoin or any other fiduciary is a huge asset.  And I don't think I should tell or inform anyone about my wealth.  Because life is at risk.  Of course, the kidnapper somehow already knew who had bitcoins and was targeting them.  Either the victim is someone close to the kidnapper from whom the kidnapper would know through word of mouth or the victim is a victim of phishing.  Everyone should take a lesson from this news that if you hold bitcoins or are involved in cryptocurrencies, keep these things private.  And protect yourself from all types of phishing links and phishing sites.

[Z-tight]

These days the rate at which crypto organisations get hacked is alarming. It is very annoying when such happens and the organisation just come out to day rubbish without any remorse to their inability to protect the details of their clientele.

Data breaches happens a lot in the crypto industry, and this is why members usually recommend that one should not submit kyc in the crypto world, and only use kyc-free services. Once you have passed kyc in a custodial service, you cannot foretell what would happen to your data, and if it will eventually be published in the dark web, it's scary.

[akeemqaz]

Mandatory meme



Oh, and before somebody talks about faulting your wealth, I'm pretty sure everyone after making 1 million in crypto will keep staying in a one-bedroom apartment in a ghetto and drive a '93 vw golf to work at McDonald! Yeah, cause that's the reason everyone seeks profit!

This is amusing.. lol. If you can crack the code, then you can crack the owner. I'm glad the man was sentenced, and I hope that won't cause him to return and do worse things.

[SmartGold01]

I could have clicked through the link but to due to security reasons I wouldn't go further rather I will make my view here. You know if someone kidnapping people for bitcoin don't you think such person can be easily being tracked? Yes where did he sells of his bitcoin what exchange does he use to sell his identity could had been reveal earlier than this and if the wallet he uses to collect ransom where so open to people who would track to get his identity tracked through the exchange platform he converts his coin to sell to their currencies.

[Cryptsafe]

These days the rate at which crypto organisations get hacked is alarming. It is very annoying when such happens and the organisation just come out to day rubbish without any remorse to their inability to protect the details of their clientele.

Data breaches happens a lot in the crypto industry, and this is why members usually recommend that one should not submit kyc in the crypto world, and only use kyc-free services. Once you have passed kyc in a custodial service, you cannot foretell what would happen to your data, and if it will eventually be published in the dark web, it's scary.

I agree with your opinion here. You see the truth is that this looks like a black mail in the sense that it looks this way; we have what you want with good quality  and features and you know what, for you to have it or use it, you will have to give us this and this so that you will be able to have them all or access it and in so doing they get what they want enticing the people who don't mind giving them all their details.
This is what happens with third parties and as such our safety and privacy is not guaranteed as they too can not protect their organisation from hackers which makes it more vulnerable to the under or dark world if you may like.
Using a KYC free platform too has it's own disadvantages too which would leave you wondering if anything happens to your assets. This is just the situation and that is why most people prefer to d KYC and want to have who to hold responsible for the loss of their assets than keeping it under their own custody and possibly losing everything to hackers and scammers.

[vegasus]

This man had a bunch of henchmen who kidnapped people inside their own homes in order to rob them and extorted them for their bitcoins and other crypto.

This is a crime and whatever it is he deserves to be jailed. And this is also a concern for all of us that crime can occur anytime and anywhere as long as there is an opportunity. Not only that, crimes also occur because someone knows that we have something that is very valuable and moreover related to money, assets that can be cashed in, and other things that can be obtained or controlled more easily.

So, this is why we are often told that we must be careful and vigilant about anything, especially the assets we own. Making sure to maintain confidentiality and privacy is the best thing we can do as an effort to protect our assets and our lives.

[Baofeng]

This man had a bunch of henchmen who kidnapped people inside their own homes in order to rob them and extorted them for their bitcoins and other crypto.

This is a crime and whatever it is he deserves to be jailed. And this is also a concern for all of us that crime can occur anytime and anywhere as long as there is an opportunity. Not only that, crimes also occur because someone knows that we have something that is very valuable and moreover related to money, assets that can be cashed in, and other things that can be obtained or controlled more easily.

So, this is why we are often told that we must be careful and vigilant about anything, especially the assets we own. Making sure to maintain confidentiality and privacy is the best thing we can do as an effort to protect our assets and our lives.

We can't really distinguished the crime now, everyone is a target including crypto enthusiast or Bitcoin holder and we really need to be conscious to whom we talk in public as there are a lot of criminals lurking and listening and if they really found out that we are rich and holding big amounts of crypto, then for sure one of this days, they are using to used this $5 wrench attack.

Vigilant yes, but more over, we shouldn't be talking about crypto in public or even flashing it out like having a T-shirt with Bitcoin sign, or your car, with a Bitcoin tag.

[LogitechMouse]

~
The $5 wrench attack is real and we need to be careful of our surroundings.

I guess living in a place where there's literally no one that knows about cryptocurrency is a "blessing in disguise" for me since they don't know how to steal my cryptocurrencies at first place.

On the flipside, I'm not feeling complacent at all, and still securing my assets and my seed phrases as well. I mean we don't know when crimes can happen. This $5 is the cheapest way and yet the most dangerous way of robbing assets from other investors. This is why I'm not sharing anything about my portfolio although I'm sharing some information if needed. Let's be safe, and don't brag our assets for the sake of our safety.

[Z-tight]

You know if someone kidnapping people for bitcoin don't you think such person can be easily being tracked? Yes where did he sells of his bitcoin what exchange does he use to sell his identity could had been reveal earlier than this and if the wallet he uses to collect ransom where so open to people who would track to get his identity tracked through the exchange platform he converts his coin to sell to their currencies.

Thieves who steal BTC are smarter than that, after taking your coins in a $5 wrench attacker, the attacker receives it in their self custodial wallet, they surely would not receive it in a custodial wallet. From there they pass it through a mixer or CoinJoin, all of these to obfuscate the origin of the coins, at this point it is almost impossible to trace the coins anymore.

The attacker would probably never use a custodial service in all the process, and can convert the BTC to fiat in a p2p exchange or any p2p trade.

[Stompix]

I am yet to get this cleared. How did the rubbers get to know he had such valued digital assets for them to have attempted to rob him.

I could have clicked through the link but to due to security reasons I wouldn't go further rather I will make my view here.

Here is a more in-depth article about the whole case but be ready for some really bad stuff:
https://www.wired.com/story/crypto-home-invasion-crime-ring/

It's far more complicated, the gang was specialized in sim swaps then changed to violent robberies, a lot of victims were from their former sim swapping victims.

In their first break-in, according to the prosecution's plea document, the group targeted the same victim from whom Seemungal had already stolen more than $3 million via SIM swapping, seeking to steal another $500,000 in crypto that she had managed to retain.

As for some more gruesome details:

Just a few days before Christmas of 2022, the Texas group broke into their target's home, bound his family members' hands with zip ties, and repeatedly hit him in the face demanding he give them access to his cryptocurrency. Prosecutors say they shoved knives and forks under his mother's fingernails and struck her in the face with a gun.

Does anyone think they could resist this?

I guess living in a place where there's literally no one that knows about cryptocurrency is a "blessing in disguise" for me since they don't know how to steal my cryptocurrencies at first place.

Well, interesting fact, these guys traveled from NY to Texas, so pretty much like from Pakistan to Burma