Topic: [19/10/2018] Slain Bitcoin Investor Was Cashing out to Buy an Apartment (Read 233 times)

This is the consequence if you are open too much on the things you are doing telling about investments is like a suicide we know that there are lots of criminal minds and thats one even hiding outside on your own house or apartment.Social media is the fastest medium to know such information and can be seen by millions of people and as you said having these location tagged post will really put you in trouble.
Instead of impressing someone you are just finding to harm out yourself into people who do seek for easy money without caring if they would kill people for money.

Very sad story. There are a few lessons in this for us all. Keep your financial
details to ourselves. Some people get carried away on social media and
divulge too much of their personal lives. When cashing out bitcoin personal
safety is a major consideration if the amount is large and its a localbitcoins
sort of exchange. Anonymity as much as possible has to be considered.

This is how most people end up getting their ass whooped. The worst thing thus far I have seen on social media, is how certain idiots (that's what they are) were bragging about their gains with location tagged posts.

It's one thing to signal that you are doing well in the crypto world with your face open for the public to see, but it's utterly foolish and retarded to use location tagged posts. It's almost like they are begging for unwanted attention.

It doesn't even matter if their gains are real or fake. Criminals out to rob others don't know if you're talking our of your ass or not, they will try their luck anyway. And if you don't give them what they want, oh boy, brace yourself.

His friends or maybe some friend of the friend, really is not important. Victim is share too much information on his social services, this is quite enough to draw attention of anyone. We do not know if he use some exchange and then withdraw money from his account, or this was some live deal. What's important in this story is that is very stupid and dangerous to publish on social networks that you have that amount of money. Usually people are very cautious when it comes to money, but for some reason cryptocurrency is an exception.

For example he would never say that he have 120k $ in bank account, but for some strange reason he had a need to share with the world that he has earned that amount of money with BTC or some other crypto.

 

This is unfortunate, what a sad story to hear for young fella like this one to his life over the investment that he made a lot of sacrifices about. I know for a very long time that we no longer have friends but enemies, once you are dealing with cryptocurrency be very careful to who you share your secrets with because most of our friends today don't want to see us doing better than them. So they can do everything possible to stop you or even destroy your life if necessary, like this one  incident for instance. My advice here is when you make fortune in cryptocurrency, it is very important to change your circle to avoid bad-blood from your friends and neighbors as well.

Well, he made himself a target when he started opening his mouth about his crypto investment. I'm positive though that the culprit can be caught. Authorities can narrow down the suspects, (friends and/or the person he exchanges with). Another lessons to be learnt here, don't talk about your crypto investments and don't keep huge amount of cash. Just sad that at 24 years of age, his life was taken by those f**ers. Hope justice will be serve in this one.

he violated rule #1. never talk about your crypto holdings and profits. you can evangelize all you want, but keep your personal finances to yourself. if he was telling friends or talking on social media about having access to this kind of cash, this kind violence isn't all that surprising.

when it comes to people that know i trade bitcoin, i always tell the same story: i sold at the wrong time and my holdings are small. you never know when bragging will come back to bite you.

People get killed in first world countries over their crappy mobile phone worth $100. It's unsurprising an amount like this would inspire such misery.

I've probably failed to keep my gob shut too but most of my holdings are not easily accessible to me. If anyone pops around I'll at least have some fun with them before one of us winds up dead.

its true, this world is full of people who will kill you for less than 120k$, sadly
poor guy, his life ended at 24 years when he was planning to start living in full, buy an appartment ...
this shows how important it is not to be over talkative about your investments and dealing in bitcoins
better safe than sorry, especially if the money (bitcoins) can be easily transferred and cannot be recovered
 

As far as i observed this cash for bitcoin made on P2P unless if its done on an exchange then you can directly transfer in banks but the mistake on here is that his fellow apartment room mates are fully aware on his crypto investment which it do really hard not to think of them to be one of the suspect of this incident. $120k is indeed a big money even how close you are if money is already on the talks then it would be an another different story.The sad thing is that i cant imagine that 20 stabs on the victim that was too brutal.If we do have investment its better to keep it secret no matter how close you are into a person you should really take care of yourself when it comes to these transactions.

This is really true and there are many individuals like this here in our place. They talk too much. You're secret will not be a secret anymore if you will going to tell them. And worst many of them will going to add storyline on your story to make it appear worst and of course you will be the one to blame.

Sometimes, It is not easy to move around with them. But, I do not have any choice to go along with them. They will have a time for their acts.

Yeah, and he had traded out about $120k, in cash supposedly.  If he had $120k in cash in his apartment, that just isn't safe if people new it.  It didn't say that I saw, but one would also assume that the $120k was stolen from the apartment? 

That isn't conclusive. Are you saying it was his friends that did it? I don't think friends being aware of something means that's the source of the crime or leak of info regarding the cash. My friends are 'aware' that I own or deal in bitcoin but wouldn't mean they were responsible for any thefts from me -- though you can never be too careful. As hatshepsut93 mentioned it could have come from the trade itself. I think it's probably more likely whoever traded him the cash for coins set him up, though I suppose if you have some greedy friends who knew about the stash the could have also had something to do with it. It probably depends on how much they knew. My friends know I'm involved in bitcoin but I wouldn't tell or boast about having wads of cash on me as they can always tell friends of friends and news could quickly reach someone who would pounce on the opportunity to make some easy cash.

But the murder happened right after he exchanged his coins to cash, which means that there's a high chance that these two events were connected. Maybe the people who provided exchange service have tipped some thieves that the victim has a big pile of cash. Although we don't know the whole story, maybe the victim posted about liquidation of their bitcoins in social media, or something.

So, while it's extremely good advice to stay quiet about crypto, it's also important to be careful when dealing with it, especially in p2p manner or in anything that involves real identity.

This is really a sad story and a warning to all involved with cryptocurrency to refrain from disclosure of such information to your friends or acquaintances. By doing that such people actually put the target on forehead and they walk around until somebody kill or kidnap them. In this case the killer knew the exact time victim will return with the money in apartment, and intention was to kill owner as he is stabbed more then 20 times.

Unfortunately, we can say that the victim of this crime bear great guilt for what happened to him - if he kept his mouth shut probably would have been alive and enjoyed in his new apartment.


It is all explained in article : "Friends said that others in his social circle were aware of his cryptocurrency dealings and that he had discussed using his profits to purchase his own apartment." It's not a question of how anyone knew, it was actually completely public on his social services.

Loose lips sink ships... or unfortunately get you stabbed and killed in this instance. I don't know the circumstances surrounding this case and how they knew to target him but I see a lot of people boasting about their crypto wealth on social media as well as posting wads of cash they've got from their profits. This sort of insecurity and need for validation can open you up to thieves who are looking for people with a lot of cash to easily target. I have a friend who regularly uses Local Bitcoins to sell his coins for cash and he says many of the people he deals with are lax with their security and boast about how much cash and coins they have. The fact that people are dealing with a semi-anon currency and are trading it for large amounts of untraceable cash money is always going to make people an easy target and I think these sorts of bitcoin robberies will only grow over time sadly.

The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment.

CCN reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one of his roommates returned home to discover the grisly crime scene.

Citing sources within the Oslo police department, local media outlets reported that, shortly before the murder, the victim had exchanged a large sum of bitcoin for cash, which he kept in his room in the shared apartment.

“We are familiar with a tip about Bitcoin, but at this time we will not provide more information about the investigation,” said the head of the department’s intelligence and investigations unit, according to a rough translation.

According to Norwegian media publication Verdens Gang, he had made more than 1 million NOK (~$120,000) from his bitcoin investment. Friends said that others in his social circle were aware of his cryptocurrency dealings and that he had discussed using his profits to purchase his own apartment.

Per the report, police believe that, aware the victim was holding a large amount of cash, the perpetrator may have attempted to sneak into the victim’s apartment through a window. Upon meeting resistance, a struggle ensued, and the thief stabbed the victim more than 20 times.

As of the time of writing, no arrests had been made in connection with the case, and the police had not yet named any suspects.


CCN | https://www.ccn.com/slain-bitcoin-investor-was-cashing-out-to-buy-an-apartment/