Are you prepared for the $5 wrench attack ? (1000 ETH stolen) - page 2.

Z-tight

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Quote from: MeGold666 on June 19, 2024, 12:44:02 PM

Very strong passphrase ? it doesn't matter in this case. I don't know what you mean by "plausible deniability" but criminals will torture you (or your love ones) until you break and it can take hours or even days if they kidnap you.

When you extend your seed phrase with a passphrase, you get a new wallet that can only be opened with your seed phrase + passphrase, and just the seed phrase will open only the base wallet. If you have funds in the base wallet, you can make the criminals believe that is all the BTC you have, so they take it and go away, that is what is plausible deniability. It is certainly risky, but it is something that could work.

Quote from: MeGold666 on June 19, 2024, 12:44:02 PM

If you have large amounts of money, why not invest ~500-700 bucks (depending where you live) to buy a Glock ?

You've been talking about guns so much in this topic, what's your point. You can get a gun to protect yourself if you want, that is fine, but i thought the discussion was about non-violent ways of protecting yourself, i.e using solutions relating to the BTC network.

GbitG

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Quote from: sportsguy1666 on June 21, 2024, 04:34:37 AM

Wrench attacks happen all the time.

Usually it is for money, jewelry, credit card pins your car...

I think the difference with BTC is that it is quite possible for someone to have quite a large stash on board...

Hmm, yeah things like these only happen to people who are not careful with their privacy. You can't expect to let the whole world know what you are doing, and how much money you earn and own, and then roam around free without having any security even at your house. The world we live in is a shithole, and you can't expect nothing to happen if you are doing all these things without any worries thinking no one would notice or do anything.

You can't even roam around your city having a few thousand dollars in your pocket if you know either you are famous or you have let people know you are rich and you have money. If strangers, or even people you know personally, know about your finances and financial situation, they would use any opportunity to rob the hell out of you.

el kaka22

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I believe that made-up story possibility is quite high, you do not end up getting beaten or even just threat of being beaten, and then run to twitter, you run to cops. I think it's quite clear that he is making it up, to get some attention.

There are a lot of people like that in the crypto world, people who actually do believe their own story as well, like they make a mistake of their own, invest into something silly, the price goes down, and they say that FBI DID THIS type of people, and saddest thing is that they actually do believe that. All humans should remember that if there is an easy explanation of what is going on, then usually that explanation is the correct one, looking for more in depth and difficult one will not help you.

Peanutswar

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This is the reason why you must still keep vigilant in the internet, your information all around the web and people are active in locating you just to steal your money and seems on the image its an influencer so people really know them, people say that you can take back but again once you are in that situation its quite hard to make a reaction or do a move. Seems this topic is not too much related to this board.

sportsguy1666

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Wrench attacks happen all the time.

Usually it is for money, jewelry, credit card pins your car...

I think the difference with BTC is that it is quite possible for someone to have quite a large stash on board...

Lucius

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Quote from: MeGold666 on June 19, 2024, 06:13:26 AM

Quote from: Lucius on June 19, 2024, 03:37:57 AM

No one suspects that this is a made-up story? Some people make up stories like this because they are just psychopaths who want a little attention

Good point, to this day I don't believe in the James Howells story - he didn't prove in anyway that he had access to this Bitcoins and later he used his (now famous) twitter account to advertise Bitcoin Cash.
If he was really into tech and believed in Bitcoin, he would buy it again as it was still pretty cheap.
~snip~
It was all a stunt in my opinion.

When it comes to that famous hard drive, there is definitely doubt because there is no evidence that it ever existed, nor that James ever mined BTC. The question is how far a person is really willing to go when it comes to a lie, but some eventually convince themselves that something is true even though they knew it was a lie at the beginning.

However, in this particular case, it is not only about the lost BTC, but James claims that the disk also contains the real IP address of Satoshi.

Silberman

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Quote from: Assface16678 on June 19, 2024, 07:13:14 AM

Hmmm, it smells fishy. How could someone know you have a good amount of crypto assets? They will not rob you if you do not have a huge amount of assets, because why would they commit such a big crime if they will not benefit from it? And the suspicious thing is, how could the robbers know you have crypto currency assets? Maybe you are too open to your social media and you are flexing and showing your assets publicly and someone saw it and plan a scheme to you or someone you know that you've shared about your earnings or assets and tempted with what you have and plan to rob you there can be two possible option there, anyway if this true then that is most likely the reason why it happened to you but I hope if its true then you could get your justice, but again it will be difficult because there are no other way of knowing who owns the address.

First of all the OP just posted the event but this did not happen to them, and second is really anyone surprised this happens? Despite the fact that whatever is posted online is stored in a multitude of servers by many companies, people share everything about their lives on social media and anywhere they can, so it is trivial for criminals to target people that share the great wealth they posses, whether this wealth is on the form of fiat, gold, art or bitcoin is irrelevant, so be prepared for attacks like this to be on the rise for a long time.

MeGold666

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Quote from: dunfida on June 19, 2024, 02:36:24 PM

We do know that not all would really be that a fan on having their own Glock or guns generally on their own home due to some possible reasons whether they cant really be able to buy one or
really just that simply afraid on having one.

Yeah, well they should be afraid of not having one.
World is brutal and it's getting worse due to drug epidemic and other factors.

I suggest going to your local shooting range and at least try it, there's nothing to be scared if you are a sane person.
After that if you're not into it, be done with it.

People want to be their own banks but can't protect themself..

"not telling anyone" that you have crypto won't work in a world we strive to have where everyone has crypto.

Outhue

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Quote from: MeGold666 on June 18, 2024, 09:15:55 AM

Being your own bank has it's downsides, one of which is physical attack.

Are you prepared for such event ?

They knew you have crypto and also know where you live, you messed up bro, there are many people like him in the world today and this man just happen to be in the mist of bad surroundings, there are people who will spend days talking about crypto in the public and nothing will happen to them but if you copy their moves you could be a victim like this person.

Not all surroundings will be the same, some are safer where no one cares about what you have and how you acquire your wealth but some surroundings are filled up with sharks, waiting for a proof to be assured that you have something they can forcefully take from you.

The best thing to do is avoid the public, do not discuss about crypto and your bags in the public, many people are human beings in the day and Vampires in the night.

dunfida

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Quote from: MeGold666 on June 19, 2024, 12:44:02 PM

Quote from: Z-tight on June 19, 2024, 09:24:34 AM

Quote from: MeGold666 on June 19, 2024, 08:57:30 AM

Prevention is one thing, but we should also be prepared for the attack.

I already posted one way people could prepare themselves for a $5 wrench attack, and i think one of the best methods is to use a very strong passphrase, it can give you the chance to claim plausible deniability. However, if you prevent this attack by keeping the BTC's you have a secret, then you may never need any protection from it.

Very strong passphrase ? it doesn't matter in this case. I don't know what you mean by "plausible deniability" but criminals will torture you (or your love ones) until you break and it can take hours or even days if they kidnap you.

I agree that you may never need any protection from physical attack but you should have at least one just in case.
It's like having a fire extinguisher in your house.

If you have large amounts of money, why not invest ~500-700 bucks (depending where you live) to buy a Glock ?

We do know that not all would really be that a fan on having their own Glock or guns generally on their own home due to some possible reasons whether they cant really be able to buy one or
really just that simply afraid on having one. This is why on the moment that they will really be able to have such consideration then pretty sure they would really be skeptical. This is why rather than on having those kind of method of protection they would really be rather going into the most simple yet effective ways on which that you shouldnt really be letting yourself be known that you do have tons of coins into your wallet.
Its true that it would really be pointless or useless on having those protection or those passphrase mentioned above on the moment that you would really be getting tortured not until you would really be giving it all or on the moment that those criminals would really be that able to pass up those coins into their own wallets.So i dont see that kind of deniability on this matter.

C10H15N

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Quote from: MeGold666 on June 18, 2024, 09:15:55 AM

Being your own bank has it's downsides, one of which is physical attack.

Are you prepared for such event ?

I see your $5 wrench and raise you my $300 Walther PPQ M2 in 9MM EDC with two 17 round magazines. 😉

seoincorporation

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Quote from: Ruttoshi on June 18, 2024, 09:28:10 AM

I don't think that this topic belongs to this board, it should be in the altcoins section. What happened to the victim do happen to people that cannot keep their crypto investment a secret, rather they move around bragging and telling anyone that they are talking about cryptocurrency, how much they ha win crypto.

It could happen with Bitcoin too... and it's a terrible scenario.

The fact that it happened with Machetes i would say that guy was in México or some country of Latam and it's common to hear cases like that, and the impunity is terrible there, the guy can go to the police and start a legal case but it could take months or years until the police start chasing the bad guys. The only way to solve a problem like this in latam is with corruption, paying to the police to motivate them to do their Job, it's sad but true.

MeGold666

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Quote from: Z-tight on June 19, 2024, 09:24:34 AM

Quote from: MeGold666 on June 19, 2024, 08:57:30 AM

Prevention is one thing, but we should also be prepared for the attack.

I already posted one way people could prepare themselves for a $5 wrench attack, and i think one of the best methods is to use a very strong passphrase, it can give you the chance to claim plausible deniability. However, if you prevent this attack by keeping the BTC's you have a secret, then you may never need any protection from it.

Very strong passphrase ? it doesn't matter in this case. I don't know what you mean by "plausible deniability" but criminals will torture you (or your love ones) until you break and it can take hours or even days if they kidnap you.

I agree that you may never need any protection from physical attack but you should have at least one just in case.
It's like having a fire extinguisher in your house.

If you have large amounts of money, why not invest ~500-700 bucks (depending where you live) to buy a Glock ?

Z-tight

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Quote from: MeGold666 on June 19, 2024, 08:57:30 AM

Prevention is one thing, but we should also be prepared for the attack.

I already posted one way people could prepare themselves for a $5 wrench attack, and i think one of the best methods is to use a very strong passphrase, it can give you the chance to claim plausible deniability. However, if you prevent this attack by keeping the BTC's you have a secret, then you may never need any protection from it.

MeGold666

member

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Quote from: DeathAngel on June 19, 2024, 09:13:37 AM

Really sorry to read this story OP, it sucks that you had to go through this experience. Nothing we do or say can make things any better, you know yourself that your money is gone & won’t be retrieved. All I can do is recommend that people try to be as discrete as possible about their involvement in crypto & maybe even set up a decoy Trezor with 10% of their crypto on & if they’re unfortunate to be under a home evasion, give up the 10% & not their main stash which is hidden.

I just posted it, It's not me who got robbed.

DeathAngel

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Really sorry to read this story OP, it sucks that you had to go through this experience. Nothing we do or say can make things any better, you know yourself that your money is gone & won’t be retrieved. All I can do is recommend that people try to be as discrete as possible about their involvement in crypto & maybe even set up a decoy Trezor with 10% of their crypto on & if they’re unfortunate to be under a home evasion, give up the 10% & not their main stash which is hidden.

MeGold666

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Prevention is one thing, but we should also be prepared for the attack.

What we really should discuss here is what type of ammunition to use in your daily EDC gun.

Federal HST for the win, comes in all sizes Wink

DaveF

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Old but:
https://github.com/demining/Physical-Bitcoin-Attacks

This keeps happening and we keep discussing it.

Don't let people know what you have.

As Willie Sutton said when asked why he robbed banks.
And his answer was “because that's where the money is”

If you don't know me, you would never know what I have in terms of funds.
And even if you do know me, you still won't know where it is.

-Dave

Z-tight

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Quote from: MeGold666 on June 18, 2024, 09:15:55 AM

Being your own bank has it's downsides, one of which is physical attack.

Even without being your own bank and using fiat currencies, you could still be physically attacked and robbed, the robbers can also force you to transfer money to them, it happens, just that in such cases it is easier to track the criminal, than when they use BTC.

However, some people who suffer $5 wrench attacks are boastful about the amount they have in BTC, bringing attention to themselves before they get eventually attacked, so you can avoid this kind of attack by simply keeping quiet. Another way is to extend your seed phrase with a passphrase, this gives you the opportunity of plausible deniability, but make sure you load the base wallet with a good amount, but way less that what you actually have, so the thieves can take it and leave.

MeGold666

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Quote from: Betwrong on June 19, 2024, 07:08:03 AM

OP, look at his last post:

I think you should remove it too.

My post does not include the wallet addresses, it's pretty generic in it's content.

Topic: Are you prepared for the $5 wrench attack ? (1000 ETH stolen) - page 2. (Read 763 times)