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Topic: Armed robbers have raided the house of a British virtual currency trader (Read 690 times)

sr. member
Activity: 700
Merit: 251
This is so freaking scary. I don't even know that i can be robbed for cryptocurrency. I think they will only after real money, gold, or valuable things in the house.
The only way to be robbed is by hacking into my wallet, but wow, see that, they even have gun with them.
I think it's bad to show that we have many crypto with us, since it can attract criminals like them. I hope that never happen again, i feel bad for him. It's really a very big amount, even i can't imagine about that.
What kind of safety can we use if things like this happen though. Feel like nothing is safe anymore in this world.
full member
Activity: 644
Merit: 101
📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
Quote
Armed robbers have raided the house of a British virtual currency trader, forcing him to transfer Bitcoins after tying up his wife and threatening him with a gun, British media reported on Monday.

The robbery happened on January 22 at the couple's home in the village of Moulsford in southeast England, according to the Daily Mail, which said the cryptocurrency crime was the first of its kind.

Four robbers wearing balaclavas broke into the house of Danny Aston, 30, and his wife Amy Jay, 31.

A Thames Valley Police spokesman quoted by the Daily Telegraph said only that police were investigating an "aggravated burglary" in Moulsford last week and that the occupants of the house had been "threatened".

According to company registry records, Aston and Jay are directors of Aston Digital Currencies, which specialises in managing virtual currency portfolios.

The company was created in June 2017 at a time when Bitcoin was trading at around 2,500 euros.

It has since risen sharply to a peak of 16,323 euros on December 17 before falling back below 10,000 euros.

No arrests have been made but the reports said that Aston may have been targeted because of his high profile in the cryptocurrency community.

Using a pseudonym, Aston has carried out more than 100,000 transactions with 16,375 partners.

Some of them referred to him online using his real name, which may have led robbers directly to him.

Bitcoin is a virtual currency created from computer code that allows anonymous transactions. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.

https://hedgeaccordingly.com/2018/01/armed-robbers-have-raided-the-house-of-a-british-virtual-currency-trader.html

Better source if anyone wants it:  http://www.telegraph.co.uk/news/2018/01/28/britains-first-bitcoin-heist-trader-forced-gunpoint-transfer/

No mention of how many BTC was stolen. Apparently this is the first case of bitcoin being physically stolen via force in history. It will be interesting to see if the BTC is recovered. Also interesting: thieves were armed with a gun. The article mentions the person robbed carrying out more than 100,000 bitcoin transactions! That's a lot of transfer fees!

I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!

On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?

woah thanks for the warning though and i live in such a country where i can be killed for owning the crypto and agencies will put me behind the bars.
member
Activity: 546
Merit: 12
Wow! this means we should be very careful with the kind of people we talk to about our crypto wealth. If you get attacked, you cannot say that you don't know your password, they'll definitely kill you. We really need to stay anonymous for our own safety.
newbie
Activity: 112
Merit: 0
Well, that's kind of an obvious situation. Money likes silence.
The English proverb says: silence is gold. In this case it is absolutely true. Be simple and careful in your own way, because you can be the focus of the bad guys. Either you do not show that you have money, or that you have to have protection if you are really rich. Very good money, but sometimes very annoying.
newbie
Activity: 112
Merit: 0
It is not difficult to determine the identity of the bandit. If the cyber trader is anonymous, only disclose information to the people in the group or to people he or she knows about, then the bandit is someone who has done business with this person, or may be an acquaintance. know. If everything is random, the bandit does not know that this is a virtual currency dealer, this is a blessing for him, because his valuable assets may not be in the house. which is located in the electronic wallet. But it is best to secure yourself with security measures, especially when you have a lot of assets.
full member
Activity: 420
Merit: 100
Well, that's kind of an obvious situation. Money likes silence.
hero member
Activity: 1414
Merit: 505
Backed.Finance
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

Yep, kidnapping in order to knock out private keys is a very common practice nowadays. It has happened before, it'll happen again.

This is alarming among crypto supporters as most early adopter of thos blockchain technolohy creates more millionaires.As an addotional advise it is not good to display your gain on trades on your social media accounts so that it will not attract others to harm you.
newbie
Activity: 66
Merit: 0
the first query that arises now is that, where he kept the bitcoins in? In his device or any hardware or paper wallet?
hero member
Activity: 1246
Merit: 529
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3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

Yep, kidnapping in order to knock out private keys is a very common practice nowadays. It has happened before, it'll happen again.

Yeah and that's unfortunate but i don't think that'll likely happen to normal traders like us since it would have to be really random for these criminals to pinpoint our identity. Owners of exchanges can have their information posted so they'll really be targets
member
Activity: 630
Merit: 20
I believe, that Turkish exchange owner had known by any person and that behind robbery scene was acquintance by the family. I maybe wrong and it is hard to just conclude something but there are instances that it it possible for an acquintance to be the main suspect. However, there are also some news regarding kidnapping and robbery in other areas involving bitcoin as their interest.
newbie
Activity: 62
Merit: 0
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

Yep, kidnapping in order to knock out private keys is a very common practice nowadays. It has happened before, it'll happen again.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Ok then we have our first bitcoin robbery case also. So now what more can you want for this ecosystem to get fulfilled? Wink

It's not the first.
I know for certain that there was a case in 2013 or 2014 when a guy was robbed at gun (or knife) point while doing a trade, something like 20 000$ or so.
I'm pretty sure that if we dig deeper there are cases that are even older.

This is not he case I remembered but still, it's 2015:
https://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/

And this post is from 2013:
https://bitcointalksearch.org/topic/localbitcoins-scam-blakecoins-288053

There are more in scam accusations just as old.

hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
the only thing that this proves is that bitcoin is growing in popularity and adoption to the point that even thieves are familiar with it.
Not only the thieves but even illegal dealers, traders and terrorists. Well this is the other side that many are considering which is bad to all of us, they are only looking to bitcoin this way and forgetting the positive sides.

just like fiat that everyone uses and attracts all kinds of people including thieves, bitcoin is not becoming popular enough to attract every type of people.
If the talk is about the bad use of bitcoin, they will not consider the bad use of fiat which is the sad reality.  Undecided
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
the only thing that this proves is that bitcoin is growing in popularity and adoption to the point that even thieves are familiar with it. just like fiat that everyone uses and attracts all kinds of people including thieves, bitcoin is not becoming popular enough to attract every type of people.

and also it proves that a lot of bitcoin investors are still thinking they are safe just because they use bitcoin and don't pay attention to basic security measures that they normally pay attention to for fiat for example!
newbie
Activity: 23
Merit: 0
The Robber was a fool i should say and he was surely a bitcoin invester.
member
Activity: 98
Merit: 13
GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).

This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.

I think this news was already shared here in previous threads. Now coming back to your reply, I agree to this. This is just like other criminal cases which are intentionally hidden in stats. Here in my country, the police is advised not to note all the complains as they have to report the total number of cases per month and year. All the states try to keep those stats to minimum, otherwise they are scolded by the politicians. If I was a rich investor and was robbed, I may not make this public as it can again happen in future if I get in limelight.
newbie
Activity: 31
Merit: 0
God thats a real awkward news to be heard Sad But he had to compensate a huge loss this time Sad
newbie
Activity: 42
Merit: 0
Yeah, happening a lot :/

Probably a place for multi-sig wallets with the other party off on another continent.

Business idea ? You're welcome!
newbie
Activity: 7
Merit: 0
These stories are popping up more and more. I think it's important to be very cautious with who you reveal the fact you hold cryptocurrency. This trend is only set to increase. I'm sure apps will be developed that hinder access to accounts but and increase in firewalls will also slow down the users ability to access funds so it is a trade up between ease of use and safety
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Yes I definitely agree. There were a lot of users worldwide let me just say billions of users and the story behind them either good or bad experiences are hidden including robbery of Bitcoins.

Billions of BTC users? Let's be serious....

You know what's the best thing about Bitcoins?
It can easily be tracked.
The owner can easy track where his money was off to and after that ... police can contact that wallet company and dj something about it.
It's so easily trackable that I don't even know why the criminals choosed to do it.
Well idk what anyone will do... But that man can sure hire a private detective and get his investigation done and offcourse get his money back by contacting the police.
It's easier than fiat.

No, it is not easy to track.
Use a few mixing services in a row, send the clean coins to an all crypto exchange, switch to eth or ltc, mix those and then buy the btc back.Nobody will be able to trace you.

And since you mentioned, "wallet company", you know there are alternatives right?
Most of us use our own wallets, because that's the main purpose of BTC
full member
Activity: 948
Merit: 105
Hold but don't advertise your holdings. If you boast about having a huge amount, you'll surely be the prime target. And with cryptocurrency, it's easier to get away.
hero member
Activity: 1890
Merit: 831
You know what's the best thing about Bitcoins?
It can easily be tracked.
The owner can easy track where his money was off to and after that ... police can contact that wallet company and dj something about it.
It's so easily trackable that I don't even know why the criminals choosed to do it.
Well idk what anyone will do... But that man can sure hire a private detective and get his investigation done and offcourse get his money back by contacting the police.
It's easier than fiat.
newbie
Activity: 168
Merit: 0
I'm not totally believe on such situation that being happen, this is a second time I heard and read a column about robbers who attack a virtual cryptocurrency trader. However, if we believe the robbery story, there nothing loss us, but in that such kind of situation, it involves a person that knows the victim, it is likely an inside job. I am not so sure but this only my own idea. Hopefully that kind of situation will used as a learning lesson to everyone, so that everybody will make a total safety and security to their assets.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.
Yes I definitely agree. There were a lot of users worldwide let me just say billions of users and the story behind them either good or bad experiences are hidden including robbery of Bitcoins. It is really important for us to hide our identity online due to prying eyes lurking arround. Much better to not put our funds in one wallet for it to be safe incase something bad will happen. But based on my observation regarding the story the owner is a popular individual using his true name during transactions so I think that was a disadvantage of that much better to use pseudonym.
hero member
Activity: 798
Merit: 503
I believe this guy's identity might have been leaked thru exchanges databases or other platforms that needs KYC. If not, only his close relatives, friends would have known his involvements in the cryptocurrency space. Either of this two might be the cause.
Either through exchange, or probably made some mistake declaring how wealthy he is in virtual currency. Some do that a lot which makes them an easy target. However, no one is safe; we just always have to be extra careful. We cannot trust a single person and it is usually best to keep somethings to you than announcing to the whole world. Like you said, even your closest friend or your family may be your enemy.

For someone who is that rich would not be stupid enough to announce his wealth just like that but some people are that foolish though to the extent of disclosing where they leave and put their entire family in danger that they didn't bargain for. But I think there is a lesson here that where you have majority of your fund, it should be kept in a further safe place maybe a bank, document management firm and the likes. For merely keeping it on your phone or paper on the shelf makes it vulnerable.
full member
Activity: 532
Merit: 101
I believe this guy's identity might have been leaked thru exchanges databases or other platforms that needs KYC. If not, only his close relatives, friends would have known his involvements in the cryptocurrency space. Either of this two might be the cause.
Either through exchange, or probably made some mistake declaring how wealthy he is in virtual currency. Some do that a lot which makes them an easy target. However, no one is safe; we just always have to be extra careful. We cannot trust a single person and it is usually best to keep somethings to you than announcing to the whole world. Like you said, even your closest friend or your family may be your enemy.
sr. member
Activity: 756
Merit: 250
Okay so first lesson from this story news is never use your real name in the internet world because you will be robbed for sure. That tells us how we are not making anonymous transaction at all, and everything is trackable publicly upto the extent that we are getting robbed in the house now.

Dam I gotta take down my name from the social networking now.

I have one concern here, how the hell those guys were not arrested. They have commited the crime and must be barred for sure.

The name from social networks does not need to be deleted, I think the main thing is to tell less than all what you do and not to make purchases that will attract the attention of robbers (such as an expensive car, a big house, etc.)
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
If you are doing any dealings online, you still have to be very careful you are not attaching it to yourself, otherwise you may be a victim.

You can't do big businesses and remain anonymous.
This was not the case of some shady localbitcoin trader that was doing 10$ deals.



I really do not see these robber being a problem for bitcoin in general.

Yes it is a problem because of the way you can deal with the stolen goods.
If you steal jewelry or art you have to sell them somehow, just like cars , with cash you also have to avoid getting caught with the bills, bank deposits leave trails , everything can be traced.

But with bitcoin, you gain access to the coins, you send them to an address you own with the key stored somewhere safe, with no trace of it on your desktop, smartphone or anywhere in your house and you can walk away whistling from the scene.The victim has to come with proofs they were indeed robbed, and there is no evidence against you even if you the police stops you in matter of seconds after the robbery.

And this will attract only attract more and more robbers, we are going to see gangs specialized in those kind of things.
legendary
Activity: 3654
Merit: 1165
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The story was predicted by a lot of people so far. No matter how you have you`re currency stored, someone will always want to get it. Safe code or blockchain private key - it is all the same. Even if you take precautions, everything can happen. Thanks God, I have nothing to be stolen)))
Seriously? Grin You are thanking God for having nothing to be stolen? That your mindset though really made me laugh. The most important thing is to find a way to stay secured, but I guess we cannot always be secured 100% of the time anyway, but with some level of wisdom, I feel that could be possible. If you are doing any dealings online, you still have to be very careful you are not attaching it to yourself, otherwise you may be a victim.

I really do not see these robber being a problem for bitcoin in general. Your public address is not tied to your name, so how will that happen unless of course you publicly display your own address yourself and give them something to know your real identity. The last sentence you made is just the best here, and it is obviously better not to even brag about your wealth in general so you do not become a target.
sr. member
Activity: 658
Merit: 260
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Okay so first lesson from this story news is never use your real name in the internet world because you will be robbed for sure. That tells us how we are not making anonymous transaction at all, and everything is trackable publicly upto the extent that we are getting robbed in the house now.

Dam I gotta take down my name from the social networking now.

I have one concern here, how the hell those guys were not arrested. They have commited the crime and must be barred for sure.
jr. member
Activity: 166
Merit: 1
Because of the popularity of cryptocurrency, some people became rich.

They had better keep a low profile. One of the disadvantages of bitcoin is anonymity, which allows more criminals to take advantage of it.
legendary
Activity: 1652
Merit: 1057
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

i hadn't heard about that one. but 2 months ago, a director at EXMO (exchange set up in the UK that caters to people in russia/former CIS countries) was kidnapped and held for a $1 million ransom. the ransom was paid in bitcoins and he was released.

the scary thing about all these cases? they all involve victims who were targets just because of their involvement with cryptocurrency. because of their jobs.

a reminder: don't announce your holdings to anyone except your closest loved ones and trusted friends. and if you want to get involved in the industry as someone with custodial access to lots of crypto......think again. it's obviously a dangerous occupation.
That pretty much says it. It does not only happen to those who are cryptocurrency holders alone anyway, it has always happened even before then where kidnappers demand ransom in fiat based on how valuable or wealthy the person is in the society. However, it seems they are beginning to see cryptocurrency as the easiest way to demand ransom and stay anonymous without being traced.
newbie
Activity: 64
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https://www.dmcc.ae/news/worlds-first-deep-cold-storage-crypto-commodities-launched-regal-assets-dubai
sr. member
Activity: 308
Merit: 253
I think this is an important story because I feel most people don't think about these kinds of dangers. I know this was a known exchange guy, but I see a lot of people on Facebook talking about cryptos and that just makes them a target of criminals.
sr. member
Activity: 980
Merit: 255
Well I actually think this is a big issue that needs to be solved, so that people can feel secure while they hold bitcoin at their homes. As we all know bitcoin is not really anonymous, so if robbers manage to link btc address to people, the they can see how much money they have, and they can plan an assault. They can then physically threat the BTC owners and force them to make a transaction to them. If they are fast enough, they can easily cash out the coins, or can try to send them to multiple addresses in order to make it difficult to track them as they move the coin around.

Although I prefer cryto to banks from many reasons, this is still one big argument that favours banks or centralization over bitcoin. It's harder to make these kind of assaults with fiat, because they are held at the banks, and you can't just transfer big amounts like that.
This is northing really new, this is the same as if you were carrying with you jewelry and a bunch of cash, bad people will notice it and will target you and your family, the difference is that your bitcoin balance is there for everyone to see, so if you want to avoid something like this to happen to you need to make an effort to not link your real identity to a bitcoin address holding a huge amount of bitcoin that way you cannot be specifically targeted for these kind of criminals.
member
Activity: 210
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The revolutionary trading ecosystem
I felt sorry about him. This is the reason why I want it to be low profile. Earn big while low profile. Not arrogant on blessing what I will receive.
hero member
Activity: 1694
Merit: 541
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.
i hadn't heard about that one. but 2 months ago, a director at EXMO (exchange set up in the UK that caters to people in russia/former CIS countries) was kidnapped and held for a $1 million ransom. the ransom was paid in bitcoins and he was released.
I thought this was the first incident regarding physically taking the bitcoin with force,the cases of these sort of intrusions are increasing on a daily basis and around the globe you have to be careful to whom you are revealing about your assets,because the possibility to steal your money and go invisible is a possibility as most of the countries have not legalized bitcoin or any currency and the investigation is not that easy for a virtual object,unless the robber makes a mistake.
legendary
Activity: 2282
Merit: 1023
I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!

On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?
The biggest mistake he did was to publish his home address as his office address and any robber who is familiar with crypto currency have carried out this plan because they think that the transactions cannot be traced and so on,either way the risk of informing others about your stock or business will always attract danger .
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
You guys do understand the fundamental flaw of this whole story right? Don't name your highly speculative lucrative company after yourself, that is a good way to avoid most of this mess happening I believe Roll Eyes.

They are making this thing look like crypto holders are suddenly becoming a target. They are not! Robberies like that have been happening all around the world and those targeted were wealthy businessmen that were known to have cash in the house. Crypto used to be ignored since robbers were unfamiliar with technicalities and didn't want to risk it going down in value before they can sell it. Cash was much easier to steal and launder.
full member
Activity: 246
Merit: 100
This will be the downside for bitcoin when it comes to being taken from you. Unlike fiat money which is backed by the government, I doubt that they can return the cryptos stolen, being that it might have already been sent out to everywhere. Bitcoin is anonymous and it is digital goods not yet recognized by the government. They can file criminal charges against the perpetrators for threatening them at gunpoint but proving ownership of those cryptos may pose a problem.
sr. member
Activity: 1079
Merit: 352
I read a joke about this robbery they said that will not happen if the victim store bitcoin at Kraken, because it so god damn slow to access even,

joke aside.

the more reason to not talk about crypto IRL, I mean with that's information only you can get a gunpoint by someone close to you.

member
Activity: 406
Merit: 10
I think the victim of the robbery attack is a celebrity in the crypto market because as you know crypto investment is anonymous and there is no reason the robbers can know the victim is having the bitcoin number big to attack. I think it's a bit risky to brag about investing in crypto and bitcoin on social networks.
full member
Activity: 238
Merit: 108
This sounds interesting, how come those robbers learn about the ownership of that crypto trader as we all know we trade anonymously. I think the person who did that know the victim very well because our bitcoin can be save in our wallet without the knowledge of any people around us unless we disclose it to them. Well anyway I don't think government will ever help them since it is not regulated but this should be a lesson for crypto holders, we must be very careful in giving information to others.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
Well I actually think this is a big issue that needs to be solved, so that people can feel secure while they hold bitcoin at their homes. As we all know bitcoin is not really anonymous, so if robbers manage to link btc address to people, the they can see how much money they have, and they can plan an assault. They can then physically threat the BTC owners and force them to make a transaction to them. If they are fast enough, they can easily cash out the coins, or can try to send them to multiple addresses in order to make it difficult to track them as they move the coin around.

Although I prefer cryto to banks from many reasons, this is still one big argument that favours banks or centralization over bitcoin. It's harder to make these kind of assaults with fiat, because they are held at the banks, and you can't just transfer big amounts like that.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Just asking, would the government make an action about this? Would it be possible to return the stolen amount the person?

Nope, and certainly not the government since this is strictly the law enforcement job.
Because unless they will manage to get them, and their wallets there is no way to return those coins.
And it's going to be a pain in the ass even if they do since the victim will also have to prove he owned that much coins in the first place and that they indeed did steal them from him.

If bitcoins are regarded as a legal tender/asset in your country, it would be possible to make a report to the police about the incident and conduct further investigation about the matter. However, if your country don't have any laws regarding bitcoin as an asset, chances are you won't have any say about the event but would just be a living example that even crypto isn't safe from these criminals since they'd still have a way to get your precious coins no matter how hard you keep it.

It doesn't matter if they are regarded as legal tender or not.It's still robbery.
If you come to my house and you steal all my dwg files for example from my computer or erase them, it's not a crime?

That indeed is worrying, and this is why Bitcoin will always be a safe. If those people had gold, they would have no faith, but Bitcoin actually permits to track the bitcoins. Yes I have to agree it will be hard, but always possible.

It's a hundred times harder to sell 10 kilos of gold than mixing 100 BTC.


Back to the story, I just knew this pic had to be saved.


I wonder what would have happened in the case of a multisig address with the second one stored in some safe place.




full member
Activity: 378
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I believe this guy's identity might have been leaked thru exchanges databases or other platforms that needs KYC. If not, only his close relatives, friends would have known his involvements in the cryptocurrency space. Either of this two might be the cause.
member
Activity: 224
Merit: 10
It is a problem that is very rare in the world krypto, I think this is just the first time happened since bitcoin it there and I do not believe the thought why it can happen, it was a bad experience hopefully the future more berhati myself again.
legendary
Activity: 1652
Merit: 1483
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

i hadn't heard about that one. but 2 months ago, a director at EXMO (exchange set up in the UK that caters to people in russia/former CIS countries) was kidnapped and held for a $1 million ransom. the ransom was paid in bitcoins and he was released.

the scary thing about all these cases? they all involve victims who were targets just because of their involvement with cryptocurrency. because of their jobs.

a reminder: don't announce your holdings to anyone except your closest loved ones and trusted friends. and if you want to get involved in the industry as someone with custodial access to lots of crypto......think again. it's obviously a dangerous occupation.
sr. member
Activity: 980
Merit: 255
This is really shocking. Not only hackers are very active targeting unsuspecting victims, but it looks like they took it to the next levels. Criminals are now hunting bag holders in this case a currency trader which they know holds a lot of bitcoins in their wallet. This will clearly set precedence to other criminals to track down people who have stash huge amount in their bitcoin wallets. As much as we want to avoid it, we are helpless at this point. Pointing a gun at your face is very scary and the best thing to do is really give them your private key and your crypto portfolio. I really do hope that they catch this criminals and locked for good.
This is one big disadvantages of bitcoin since everything is public and is there in the blockchain, the criminals are sure to use this information to target people in the future, and as bitcoin becomes more valuable it is safe to say events like this will become more common, this is why it is important to not brag too much about your bitcoin holdings.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Just asking, would the government make an action about this? Would it be possible to return the stolen amount the person?

If bitcoins are regarded as a legal tender/asset in your country, it would be possible to make a report to the police about the incident and conduct further investigation about the matter. However, if your country don't have any laws regarding bitcoin as an asset, chances are you won't have any say about the event but would just be a living example that even crypto isn't safe from these criminals since they'd still have a way to get your precious coins no matter how hard you keep it.

You guys do understand the fundamental flaw of this whole story right? Don't name your highly speculative lucrative company after yourself, that is a good way to avoid most of this mess happening I believe Roll Eyes.

That is if you're dealing with cryptos, perhaps? It's really hard to leave your personal trail on the internet since there's a high possibility that your identity would be used in illegal activities or be target of a highly organized crime group especially if you're prominent in a community or whatnot. Lesson learned, I guess?
member
Activity: 266
Merit: 10
The story was predicted by a lot of people so far. No matter how you have you`re currency stored, someone will always want to get it. Safe code or blockchain private key - it is all the same. Even if you take precautions, everything can happen. Thanks God, I have nothing to be stolen)))
full member
Activity: 280
Merit: 102
The revolutionary trading ecosystem
You guys do understand the fundamental flaw of this whole story right? Don't name your highly speculative lucrative company after yourself, that is a good way to avoid most of this mess happening I believe Roll Eyes.
sr. member
Activity: 420
Merit: 252
One of the disadvantages of btc is the ease of being stolen cuz the transfer is very easy. I hope events like this never happen again cuz it would be impossible to track all the robberies in blockchain.
full member
Activity: 504
Merit: 102
Quote
Armed robbers have raided the house of a British virtual currency trader, forcing him to transfer Bitcoins after tying up his wife and threatening him with a gun, British media reported on Monday.

The robbery happened on January 22 at the couple's home in the village of Moulsford in southeast England, according to the Daily Mail, which said the cryptocurrency crime was the first of its kind.

Four robbers wearing balaclavas broke into the house of Danny Aston, 30, and his wife Amy Jay, 31.

A Thames Valley Police spokesman quoted by the Daily Telegraph said only that police were investigating an "aggravated burglary" in Moulsford last week and that the occupants of the house had been "threatened".

According to company registry records, Aston and Jay are directors of Aston Digital Currencies, which specialises in managing virtual currency portfolios.

The company was created in June 2017 at a time when Bitcoin was trading at around 2,500 euros.

It has since risen sharply to a peak of 16,323 euros on December 17 before falling back below 10,000 euros.

No arrests have been made but the reports said that Aston may have been targeted because of his high profile in the cryptocurrency community.

Using a pseudonym, Aston has carried out more than 100,000 transactions with 16,375 partners.

Some of them referred to him online using his real name, which may have led robbers directly to him.

Bitcoin is a virtual currency created from computer code that allows anonymous transactions. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.

https://hedgeaccordingly.com/2018/01/armed-robbers-have-raided-the-house-of-a-british-virtual-currency-trader.html

Better source if anyone wants it:  http://www.telegraph.co.uk/news/2018/01/28/britains-first-bitcoin-heist-trader-forced-gunpoint-transfer/

No mention of how many BTC was stolen. Apparently this is the first case of bitcoin being physically stolen via force in history. It will be interesting to see if the BTC is recovered. Also interesting: thieves were armed with a gun. The article mentions the person robbed carrying out more than 100,000 bitcoin transactions! That's a lot of transfer fees!

I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!

On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?

It will not really happen to you if you are not bragging about your profits in crypto. Just be silent about it if you do not want to happen bad to you.
legendary
Activity: 1414
Merit: 1039
That indeed is worrying, and this is why Bitcoin will always be a safe. If those people had gold, they would have no faith, but Bitcoin actually permits to track the bitcoins. Yes I have to agree it will be hard, but always possible.

I feel like all it really takes to make it untraceable is a mixer. I don't know if I'm wrong about that, but it seems like mixers would just keep the anonymity for whatever the small transaction fee is. After that, the coins are basically untraceable and that defeats most of your point. Like taking gold and leaving with it, a robber can take bitcoin, make the transactions anonymous through a mixer, and leave with the money.
legendary
Activity: 1414
Merit: 1039
GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).

This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.

Wasn't the whole silk road being taken down a pretty famous "robbery" of cryptocurrency? The government seized all of the operator's bitcoin.

I guess this could be one of the dangers of bitcoin. There are a lot of self-made millionares, people that have made a lot of money off of the coin. If criminals get the right information about these people, it's likely that the investors won't have much protection. It's not like they're stars that have bodyguards and whatnot. All it takes is a criminal, a gun, the investor, and his private key. After that, the rest is history.
sr. member
Activity: 391
Merit: 250
That indeed is worrying, and this is why Bitcoin will always be a safe. If those people had gold, they would have no faith, but Bitcoin actually permits to track the bitcoins. Yes I have to agree it will be hard, but always possible.
member
Activity: 84
Merit: 12
It is very shocking to hear this. I thought that Bitcoin investments are safer and good option for rich people to keep their money protected. Now, even Bitcoin investors are being targeted and it is sad.
hero member
Activity: 1274
Merit: 622
No mention of how many BTC was stolen. Apparently this is the first case of bitcoin being physically stolen via force in history. It will be interesting to see if the BTC is recovered. Also interesting: thieves were armed with a gun. The article mentions the person robbed carrying out more than 100,000 bitcoin transactions! That's a lot of transfer fees!

I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!

On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?
People who have been into BTC all along and earned much money investing in it should be extremely cautious. I wonder why didn't he have at least 20 BTC wallets to execute those transactions, it would increase his anonymity at any rate. As for refund, I don't think he'll receive anything, even if we assume that law enforcement is interested in it. Those people have probably sent that money in all directions to conceal it.
full member
Activity: 532
Merit: 101
Thanks to the popularity of crypto currency, some people became rich. But now it's better to keep silent that you are working in this area, and do not commit provocative purchases. Because this is not the first such case that I see.
newbie
Activity: 31
Merit: 0
This is very interesting story since the robbers also knows the crypto. If this is the case no way the victim can reclaim his BTC. One question arise with this story is how can We protect our coins with actual robbers.
dx5
sr. member
Activity: 303
Merit: 251
This is not the first of such a case. Just a few weeks ago. Actually when Eth was around $300, a guy had around $2,000,000 worth of Eth, and his friend kidnapped him and forced him to give him the private key.
hero member
Activity: 981
Merit: 503
Seems like well planned robbery and tight targeted victim.

I think that this kind of robberies will get more and more with the increased crypto popularity. We must be careful what we are sharing online.
newbie
Activity: 25
Merit: 0
Just asking, would the government make an action about this? Would it be possible to return the stolen amount the person?
legendary
Activity: 1848
Merit: 1000
GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).

This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.
There was one recently where someone was forced to hand over / send their bitcoin at knife point, I think the victim was an exchange owner or was just reported as one, not sure, this was in the UK also.
legendary
Activity: 1540
Merit: 1016
3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.
hero member
Activity: 2632
Merit: 833
This is really shocking. Not only hackers are very active targeting unsuspecting victims, but it looks like they took it to the next levels. Criminals are now hunting bag holders in this case a currency trader which they know holds a lot of bitcoins in their wallet. This will clearly set precedence to other criminals to track down people who have stash huge amount in their bitcoin wallets. As much as we want to avoid it, we are helpless at this point. Pointing a gun at your face is very scary and the best thing to do is really give them your private key and your crypto portfolio. I really do hope that they catch this criminals and locked for good.
member
Activity: 90
Merit: 11
Quote
Armed robbers have raided the house of a British virtual currency trader, forcing him to transfer Bitcoins after tying up his wife and threatening him with a gun, British media reported on Monday.

The robbery happened on January 22 at the couple's home in the village of Moulsford in southeast England, according to the Daily Mail, which said the cryptocurrency crime was the first of its kind.

Four robbers wearing balaclavas broke into the house of Danny Aston, 30, and his wife Amy Jay, 31.

A Thames Valley Police spokesman quoted by the Daily Telegraph said only that police were investigating an "aggravated burglary" in Moulsford last week and that the occupants of the house had been "threatened".

According to company registry records, Aston and Jay are directors of Aston Digital Currencies, which specialises in managing virtual currency portfolios.

The company was created in June 2017 at a time when Bitcoin was trading at around 2,500 euros.

It has since risen sharply to a peak of 16,323 euros on December 17 before falling back below 10,000 euros.

No arrests have been made but the reports said that Aston may have been targeted because of his high profile in the cryptocurrency community.

Using a pseudonym, Aston has carried out more than 100,000 transactions with 16,375 partners.

Some of them referred to him online using his real name, which may have led robbers directly to him.

Bitcoin is a virtual currency created from computer code that allows anonymous transactions. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.

https://hedgeaccordingly.com/2018/01/armed-robbers-have-raided-the-house-of-a-british-virtual-currency-trader.html

Better source if anyone wants it:  http://www.telegraph.co.uk/news/2018/01/28/britains-first-bitcoin-heist-trader-forced-gunpoint-transfer/

No mention of how many BTC was stolen. Apparently this is the first case of bitcoin being physically stolen via force in history. It will be interesting to see if the BTC is recovered. Also interesting: thieves were armed with a gun. The article mentions the person robbed carrying out more than 100,000 bitcoin transactions! That's a lot of transfer fees!

I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!

On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?

The angle is to always be very cautious about using your real name anywhere in the crypto world and do not openly allow people to know of your wealth. Also if you end up being wealthy, get yourself a very good security system!

Realistically the guy is never going to get those coins back unless they can catch the guys, even then it's unlikely. I wonder how this one would be looked at from an insurance point of view, this could be the first case of its kind if he tries to claim under some home insurance or something similar. Cash would be covered so should bitcoin not also be?

That insurance angle is definitely going to be one that's going to have to be looked at in the future.
member
Activity: 182
Merit: 14
GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).

This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.
legendary
Activity: 2562
Merit: 1441
Quote
Armed robbers have raided the house of a British virtual currency trader, forcing him to transfer Bitcoins after tying up his wife and threatening him with a gun, British media reported on Monday.

The robbery happened on January 22 at the couple's home in the village of Moulsford in southeast England, according to the Daily Mail, which said the cryptocurrency crime was the first of its kind.

Four robbers wearing balaclavas broke into the house of Danny Aston, 30, and his wife Amy Jay, 31.

A Thames Valley Police spokesman quoted by the Daily Telegraph said only that police were investigating an "aggravated burglary" in Moulsford last week and that the occupants of the house had been "threatened".

According to company registry records, Aston and Jay are directors of Aston Digital Currencies, which specialises in managing virtual currency portfolios.

The company was created in June 2017 at a time when Bitcoin was trading at around 2,500 euros.

It has since risen sharply to a peak of 16,323 euros on December 17 before falling back below 10,000 euros.

No arrests have been made but the reports said that Aston may have been targeted because of his high profile in the cryptocurrency community.

Using a pseudonym, Aston has carried out more than 100,000 transactions with 16,375 partners.

Some of them referred to him online using his real name, which may have led robbers directly to him.

Bitcoin is a virtual currency created from computer code that allows anonymous transactions. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.

https://hedgeaccordingly.com/2018/01/armed-robbers-have-raided-the-house-of-a-british-virtual-currency-trader.html

Better source if anyone wants it:  http://www.telegraph.co.uk/news/2018/01/28/britains-first-bitcoin-heist-trader-forced-gunpoint-transfer/

No mention of how many BTC was stolen. Apparently this is the first case of bitcoin being physically stolen via force in history. It will be interesting to see if the BTC is recovered. Also interesting: thieves were armed with a gun. The article mentions the person robbed carrying out more than 100,000 bitcoin transactions! That's a lot of transfer fees!

I feel like there's an interesting and important angle to this news story that I'm missing. If someone can spot it, please point it out to me!

On the positive side, its good no one got hurt. Does anyone think he'll have his funds returned by law enforcement?
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