Increasing kidnapping and ransom. Privacy is important.

[Baofeng]

CEO's don't have to stop posting it's their job they're expected to work but ordinary ppl using forums & social media better get used to limiting info about themselves. If they're holding coins for bounties they'll promote it but they'll be at risk of kidnappers but ppl using forums haven't been kidnapped.

I also believe that most ceo's will be able to pay for security, especially the big ones, they would also have security advisers and stuffs like that. However, 'ordinary' people may not be afforded that luxury, so it is better to start by keeping shut about what you have, privacy is very important and can save you from losses.

It's more on us, I do remember that during like in 2018, everyone says that we should promote crypto. But now, it's the opposite, if we are into crypto, then we should be quiet and not talk about it in public.

For CEO's I remember one story though, that he was followed at home and was force to spill out the private keys of the holdings of his company and some other crypto as well. So not all of them hire bodyguards to protect them in and outside of their office.

[arabspaceship123]

If CEO's are followed home they can't do anything except hire personal security. When ordinary ppl invest they shouldn't boast about their cryptos because risks of kidnapping are real. It's getting dangerous for investors to talk about their cryptos.

It's more on us, I do remember that during like in 2018, everyone says that we should promote crypto. But now, it's the opposite, if we are into crypto, then we should be quiet and not talk about it in public.

For CEO's I remember one story though, that he was followed at home and was force to spill out the private keys of the holdings of his company and some other crypto as well. So not all of them hire bodyguards to protect them in and outside of their office.

[electronicash]

rumor just yesterday was that a co founder of Ledger David Balland was kidnapped as well. his door was kicked and he was dragged out and kept for days demanding his coins. it happened in France.

he was only released because of police intervention. crypto users are going to be the target sooner.

[Z-tight]

rumor just yesterday was that a co founder of Ledger David Balland was kidnapped as well. his door was kicked and he was dragged out and kept for days demanding his coins. it happened in France.

It is not a rumor, it actually happened, David Balland and his wife were kidnapped and taken to different locations, Balland is a co-founder of Ledger. The kidnappers then contacted another co-founder and requested $10m in usdt, which they got, but before getting it, they had already cut off one of Balland's finger.

Good thing is that Balland and his wife were rescued and the stolen funds in usdt were frozen and recovered by tether issuers. So the kidnappees got nothing and they have been arrested.

[Gurujebs]

rumor just yesterday was that a co founder of Ledger David Balland was kidnapped as well. his door was kicked and he was dragged out and kept for days demanding his coins. it happened in France.

he was only released because of police intervention. crypto users are going to be the target sooner.

This is why nothing beat privacy. It's because he is known and popular for creating secured way to Bitcoin but those kidnappers are also not okay in their brain. If ledger co-founder was arrested, was there intentions is to collect all the seed phrase they have or they have other intensioms because the co-founder has nothing as seed phrase of the wallet they have made unless there's something more to this.

Its better to ways protect your privacy, if you hold larger amount of money in crypto, it's better you stay low, it's better that way so this kind of attempt doesn't have to repeat itself all the time. It's better they don't know that you have then they know because the world is full of bad people.

[Baofeng]

rumor just yesterday was that a co founder of Ledger David Balland was kidnapped as well. his door was kicked and he was dragged out and kept for days demanding his coins. it happened in France.

It is not a rumor, it actually happened, David Balland and his wife were kidnapped and taken to different locations, Balland is a co-founder of Ledger. The kidnappers then contacted another co-founder and requested $10m in usdt, which they got, but before getting it, they had already cut off one of Balland's finger.

Good thing is that Balland and his wife were rescued and the stolen funds in usdt were frozen and recovered by tether issuers. So the kidnappees got nothing and they have been arrested.

Yes, it's not a rumor afterall, although in the beginning, I doubt the news because there's no reliable news except a personality in France. But now, it's confirmed, the kidnappers ask for a ransom and they paid but that money is frozen right now.

Hopefully, the kidnappers are going to be accepted.

And this is big lesson for us that criminals are really in the world that we live in, not just online hacks or scammers, not we are being threaten physically.

[arabspaceship123]

This isn't right the kidnappers tortured him they mutilated his hand before police rescued them. Balland & his wife went through hell. Less famous crypto ppl can't rely on police finding them if they get kidnapped.

rumor just yesterday was that a co founder of Ledger David Balland was kidnapped as well. his door was kicked and he was dragged out and kept for days demanding his coins. it happened in France.

he was only released because of police intervention. crypto users are going to be the target sooner.

[joniboini]

Less famous crypto ppl can't rely on police finding them if they get kidnapped.

I believe it's better for them to not rely on the police in the first place. If you're not famous and don't work in crypto publicly, it is easier to stay anonymous when dealing with crypto. I doubt these kidnappers would target random strangers unless they're certain they have a good amount of money in their wallet, to begin with. I'm not sure how it is in other countries, but in my country, most people don't trust the police to do their job properly unless they're dealing with a high-profile case. Even then, lack of transparency and dubious trial results make us skeptical that the government can help us when it matters the most.

[bitbit97]

The more cryptocurrency prices rise, the more people get easy money out of nothing and just for holding, the more kidnapping and ransom cases there will be. It is not even about privacy, it is about how people get more and more money easily. And with the help of blockchain transparency, it is obvious that there will be always those who envy others and in their heads ideas of taking away fund with unfairly would appear.

[arabspaceship123]

If small investors can't afford to buy private security so if they can't rely on the police who's going to protect them?

I believe it's better for them to not rely on the police in the first place. If you're not famous and don't work in crypto publicly, it is easier to stay anonymous when dealing with crypto. I doubt these kidnappers would target random strangers unless they're certain they have a good amount of money in their wallet, to begin with. I'm not sure how it is in other countries, but in my country, most people don't trust the police to do their job properly unless they're dealing with a high-profile case. Even then, lack of transparency and dubious trial results make us skeptical that the government can help us when it matters the most.