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Topic: Bitcoin theft and mobile phone (Read 421 times)

newbie
Activity: 26
Merit: 0
February 09, 2022, 01:24:32 AM
#41
It is becoming important with every passing day to find a secure solution for crypto storage. Even physical storage cannot be secure in such incidents. I hope someone comes up with a way to fix this problem as soon as possible.
sr. member
Activity: 1148
Merit: 252
February 07, 2022, 11:29:00 AM
#40
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
Trusting your family is natural, but it's also not without risk. We don't know what people think, not even our closest ones or family.
Some people usually when they want something they will do anything to get it, including crime.
Yes, sometimes money blinds everything, we don't know who, when, and where people will be mean to us. May this be a lesson for all of us.

When it talks about money moreover big bag of money, family could turns into bad because every human have their greed about the wealth.
We should never trust anyone but anything that could save our money under the law so we are safely saving our assets.
This was a lesson learned story, even there are so many similiar cases about this, but at least everytime we read it again we could be more aware about it
full member
Activity: 2268
Merit: 182
February 06, 2022, 10:40:54 PM
#39
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
It is not about His trusting the Family but this is about the general case of the risk being hacked as he installed the wallet in His phone and at any chance can be hacked.

the point of this thread is to let people Know the risk of doing such thing and must be prevented .

I know as well if the Father had saved His funds in secure wallet like Trezor or Nano ledger .
legendary
Activity: 2772
Merit: 1888
Rollbit.com | #1 Solana Casino
February 06, 2022, 10:33:14 PM
#38
If your son or wife wants to steal your funds then it's very sad and eventually, your fund would lose. Because those who we have written our seed phrase in a notebook they could steal that if they are aware of it. So isn't become difficult to save the fund from family? My wife could steal during I sleep. So to whom can I trust? By the way, keeping funds on the mobile device wouldn't be safe anyway. Need to use a hardware wallet to store such as the big amount and not to share a password with anyone. The seed phrase should keep safe way and should find by the family in case of death.
If your family doesn't believe it, of course you have to use third party storage services such as Safe Deposit Boxes provided by several banks to store personal and very important documents. That is a way out that can be taken. and the determination of inheritance rights must be truly trusted.

But it is very rare for his wife or children to steal our property or our assets, unless there is no harmony in the family. The recommended storage is indeed a hardware wallet because it is more secure and not as easy to hack as a mobile wallet application.

some other suggestions are also to save the seed phrase or in the form of a hardware wallet in a time capsule as I explain in the thread below:

https://bitcointalksearch.org/topic/--5278821
legendary
Activity: 2436
Merit: 2228
Signature space for rent
February 06, 2022, 09:21:53 AM
#37
If your son or wife wants to steal your funds then it's very sad and eventually, your fund would lose. Because those who we have written our seed phrase in a notebook they could steal that if they are aware of it. So isn't become difficult to save the fund from family? My wife could steal during I sleep. So to whom can I trust? By the way, keeping funds on the mobile device wouldn't be safe anyway. Need to use a hardware wallet to store such as the big amount and not to share a password with anyone. The seed phrase should keep safe way and should find by the family in case of death.
sr. member
Activity: 2114
Merit: 284
February 06, 2022, 09:02:27 AM
#36
if it's not a spyware probably he was informed already by his father how to manage thus stuff. Because to be honest even me if i'm very sick especially if i know already that my end is near, i will gonna tell everything to my son as well to manage my bitcoin for his future wherein instead of losing it forever and no one can get benefits from it.
legendary
Activity: 2366
Merit: 1084
zknodes.org
February 06, 2022, 07:31:07 AM
#35
Mobile wallets are very vulnerable to spyware and can be easily hacked when the cellphone owner does not have access to the cellphone. The use of security Geometry fingerprints and face detection will also be weaknesses that can be exploited by bad people to force users to send assets in their wallets. many cases happened as told by the OP, and these are some cases of bitcoin theft by exploiting the negligence of mobile wallet users. no one can be trusted completely .
sr. member
Activity: 2086
Merit: 283
Vave.com - Crypto Casino
February 06, 2022, 01:57:00 AM
#34
I won't keep that much money on a mobile wallet. It's obvious that there's a danger if somebody knows that you're holding that much and you're too vocal with it.
It's a typical robbery that someone can think of even the closest people that you know if they know that you're holding that much. You don't really trust anyone with your assets.
I also never keep larger amounts of money in my cell phone wallet because I realize that money is one of the sources of happiness for humans so that it will make some people willing to do anything for the sake of their life needs even they are also willing to become killers, no one which we can fully trust when dealing with finances, even our closest family, because their conscience will usually just disappear when they want to get the money.
hero member
Activity: 3234
Merit: 941
February 06, 2022, 01:41:45 AM
#33
That's why my rule number one about storing BTC is:
Don't tell anyone that you have lots of Bitcoin!Don't even tell your closest friends and relatives.
The world is full of sociopaths and psychopaths.You don't know what people are capable of,when it comes to gaining wealth.Of course,you have to store your BTC in a cold wallet and keep the private keys,seed phrase and all that stuff.Keeping your mouth shut is as important as using a cold wallet.
Yeah,it's obvious that storing lots of BTC on a mobile app is a huge mistake,but I guess that the biggest mistake this guy has made was telling his son about having lots of BTC.
member
Activity: 686
Merit: 19
February 06, 2022, 01:26:08 AM
#32
Blames should be to the father, he should know he's som better than anyone does, with the quest for Bitcoin everyone wants to get it by all means.
Too bad, the father should be very upset at this, been recalcitrant and stubborn wouldn't help anyone over their Bitcoin stored in their phones, it's best you listen to advice and get hardware wallet to store them.
Hearing such news irks me badly, since I'm no big fan of theft...... Watch people around you, they're the best at giving your information to  the opps!!
legendary
Activity: 2562
Merit: 1119
February 06, 2022, 12:50:12 AM
#31
as much as I sympathize with the father on what happened to him. he is a dumbass in how he stores his bitcoin.

-snip
the father wasn't killed. the son's plan was to make his dad unconscious to get access to his father's phone. the son even tried calling his dad after a day or two and when his dad is not answering he called his father's girlfriend to check up on his dad. read the article.
legendary
Activity: 2688
Merit: 1106
DGbet.fun - Crypto Sportsbook
February 05, 2022, 01:19:12 PM
#30
Mobile phone gives the anywhere access with ease than accessing a wallet through a laptop. This is the reason why people prefer mobile wallets over the desktop wallets. Most of the users prefer exchange as well as online wallets when the holding is small. Looking upon the amount the son has transacted is quite big. His father would've used one of the hardware wallet. If I'm not wrong, using the 2FA this incident might've happened.

Through this crypto something good has happened in the family out of the bad the son did. Now slowly the family is getting together as well as the son is getting out of addiction. The mother and father have reported that they can feel the difference in their son.
legendary
Activity: 3332
Merit: 1404
Join the world-leading crypto sportsbook NOW!
February 05, 2022, 01:13:59 PM
#29
I never access my BTC from my phone, but I do use online banking, so essentially I'm also at risk (online banking has a password protection, but I use the same for my BTC). The article doesn't say how it was with the phone. Perhaps the wallet was 'protected' by fingerprint, which could easily be done using an unconscious father? Or maybe he knew the password? Or do people store BTC in such quantities in a way that allowing accessing it simply by going to the wallet's app?
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
If a man trusted his family, he would give them access to his wallet. And then he would not have been poisoned by drugs, and he could have died.
Having a lot of money makes you a target primarily for your family and friends, so it is very important to keep this data secret.
Well, the man didn't trust his son for a good reason: his son's a drug addict and thus cannot control his financial behavior.
hero member
Activity: 2282
Merit: 795
February 05, 2022, 10:30:09 AM
#28
Maryland Man Drugs Father to Access His $400,000 in Bitcoin
https://decrypt.co/92072/maryland-man-drugs-father-to-access-his-400000-in-bitcoin

"After his father passed out, Ghershony used his father’s phone to move $400,000 of Bitcoin to an account he could control"

Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.

I am somehow guilty with this post as this hit me. Unfortunately, I store my BTCs in two (2) exchanges (one in my local exchange; other in bitpay since it accepts bech32 address). The problem associated with this is that the information is stored within my phone. In the event that it gets stolen, the thief "may" be able to access my funds and send it to another wallet.

Fortunately, those said exchanges have 2FA enabled where it requires my password before sending my BTCs. Though this may be the case, I do also think that it is a bad practice to keep my BTCs inside exchanges as they are prone to hacking, like what happened to several big exchanges in the past.
legendary
Activity: 2576
Merit: 1655
February 05, 2022, 08:33:28 AM
#27
Maryland Man Drugs Father to Access His $400,000 in Bitcoin
https://decrypt.co/92072/maryland-man-drugs-father-to-access-his-400000-in-bitcoin

"After his father passed out, Ghershony used his father’s phone to move $400,000 of Bitcoin to an account he could control"

Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.

Or better yet, be vocal about it and telling even his close families that he has half a million of bitcoin in that wallet. So this is another good lesson for us, even an average investors shouldn't used their phone as a wallet to store some bitcoin. Maybe just a small amount will do for some micro payments. But putting it all? Better buy a hardware wallet for it.
sr. member
Activity: 1372
Merit: 275
February 05, 2022, 08:30:50 AM
#26
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.

What relationship is stronger than father and son! Of course, he trusted his son enough to inform him about his mobile wallet and the content stored inside, otherwise, he would not have a clue about it.
It is a shame something like this happened with a trusted member of the family, is this indirectly saying don't trust even your closest relatives! I think the son is just being too impatient to do stuff like this, if this was a random thief it would have been different, but this is a son, too bad this can cause a rift in the relationship between father and son.
Maybe it would be understandable if the theft was committed by someone else and there might be a legal process running in the case, but this case is quite difficult because the victim is his own father, no matter how bad the father is of course he will not report his son to the police, but of course after this incident the relationship between the two people will become tenuous in my opinion and there is no longer any trust in one another in the family.
hero member
Activity: 2562
Merit: 577
February 05, 2022, 08:14:04 AM
#25
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.

What relationship is stronger than father and son! Of course, he trusted his son enough to inform him about his mobile wallet and the content stored inside, otherwise, he would not have a clue about it.
It is a shame something like this happened with a trusted member of the family, is this indirectly saying don't trust even your closest relatives! I think the son is just being too impatient to do stuff like this, if this was a random thief it would have been different, but this is a son, too bad this can cause a rift in the relationship between father and son.
hero member
Activity: 2002
Merit: 534
February 05, 2022, 07:53:08 AM
#24
What a sad story. I know storing 400,000 USD in a mobile wallet is a big security risk and the dad should have known better, but I still feel for his loss, its terrible. I am using a mobile wallet myself because its so convenient. The wallet is of course only for small amounts. Everything below 100 USD I try to do with my mobile wallet. It's very fast to pay things online. The security is a big issue, as soon as there is more than 100 USD on it I will transfer the coins to a more secure wallet. When having more thab 100,000 in crypto currencies, buying a secure hardware wallet makes no real difference. And for any funds below a paper wallet seems the most secure to me.
hero member
Activity: 2828
Merit: 553
February 05, 2022, 07:33:53 AM
#23
At least the father could've kept it to himself when he started  stashing some Bitcoin on his wallet. $400,000 is such a huge amount to stored in a most vulnerable place in crypto.
Family conflict always involves money or properties, that's very common. The father should've known that already assuming he knew what his son is capable of. 

The next time when his son's greediness kicks in, he might commit a murder.
hero member
Activity: 1134
Merit: 528
Leading Crypto Sports Betting & Casino Platform
February 05, 2022, 07:22:27 AM
#22
Heem,that's life for you,this world is full of evil, a son that can drug his father because of money without thinking about the consequence or the damage the drug will do to his father can kill anyone,it is good to have strong password for your account and try to be secretive about what you have in your wallet, because the son was aware of the bitcoin that was why he took such drastic step.
hero member
Activity: 1204
Merit: 539
February 05, 2022, 05:06:14 AM
#21
It's sad that the son killed his father just because of money.

I'm sure the father has all the trust for the son, but his son knowing the father has the bitcoin stored on his phone was probably tempted to steal it. Nowadays, it's hard to trust anyone even your family, so it's better to keep silent about your holding and make sure you don't store in an online wallet if we are speaking of a huge amount of money already.

What disturbed me more here is the Son willing to kill the father just for the money, not the bitcoin stolen by the son.

After I read the article, I think the son has no intention of killing his father, the son just wants to make his father faint to get his father bitcoins, I think maybe the child has an addiction to drugs so he wants to steal the assets owned by his father, but still whatever the reason for the child to do it, it is clear that what he did was quite bad and should not be imitated.
Storing bitcoins on cell phones is not a good move, but we know that cellphones are now the only thing that we often carry and are the simplest for us to access, so I think that's the reason the old man kept his bitcoins on his cellphone, but to be honest,  I don't agree if the father hides Bitcoin assets from his family, let alone his son, because after all, his wife's children have the right to know about the assets that the man has.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
February 05, 2022, 04:10:31 AM
#20
People need to think of mobile wallets like their actual physical wallets. Would you carry around $400,000 in cash in your wallet?
That's the great thing about Bitcoin: it weighs nothing and doesn't take up physical space. $400,000 in $50 bills weighs 8 kg and would make your wallet 80 cm thick.

If a man trusted his family, he would give them access to his wallet.
That's not a smart thing to do. Giving additional people access to your wallet increases the risk of losing your funds, even if they mean no harm they can make mistakes.
hero member
Activity: 1344
Merit: 565
February 05, 2022, 01:32:25 AM
#19
It's sad that the son killed his father just because of money.

I'm sure the father has all the trust for the son, but his son knowing the father has the bitcoin stored on his phone was probably tempted to steal it. Nowadays, it's hard to trust anyone even your family, so it's better to keep silent about your holding and make sure you don't store in an online wallet if we are speaking of a huge amount of money already.

What disturbed me more here is the Son willing to kill the father just for the money, not the bitcoin stolen by the son.
Well, you got that right. When it comes to money, I believe it is to trust no one, we have heard many stories about couples betraying each other because of money and here we are again, a son killing his own father because he wants to steal his Bitcoins but would it have mattered if the father stored them in a hardware wallet? cos I think the same way the son had access to the phone wallet he might as well be able to have access to that too cos he already knows the father owns that much and would do anything to take them just like he did. it is just a sad story.
sr. member
Activity: 2660
Merit: 339
February 05, 2022, 01:23:46 AM
#18
I guess for having a convenient holding without hassle still it's not ideal better to use a cold wallet to make sure that a large amount of money will save you up. Also it's risky if your mobile phone is the one you are using as the primary phone there's an instance that might steal by someone and easily access your wallet. Still, it requires a password unless you didn't add a passcode. If the wallet you are using has a seed phrase and you stole the phone ideal to recover immediately and transfer again into a more safe device of hardware.
That might be the reason on why he prefer using a phone than other alternatives because he is already old and you know older people do not want to tire their self much and sometimes their mobile phones do not have a password but I bet this is not the case that happen to this story because why would his son drugged him anyway when he can just easily stole the money but even if he stole it, what can his father do?

I do not think he will punish him heavily because that is his child in the first place but maybe he do not want to lend his son a money because his son was a drug addict and will only use the money on drugs. He should have rehab his son before because drug addict people are kinda dangerous.
legendary
Activity: 1806
Merit: 1437
Wheel of Whales 🐳
February 05, 2022, 12:50:12 AM
#17
I guess for having a convenient holding without hassle still it's not ideal better to use a cold wallet to make sure that a large amount of money will save you up. Also it's risky if your mobile phone is the one you are using as the primary phone there's an instance that might steal by someone and easily access your wallet. Still, it requires a password unless you didn't add a passcode. If the wallet you are using has a seed phrase and you stole the phone ideal to recover immediately and transfer again into a more safe device of hardware.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
February 05, 2022, 12:33:25 AM
#16
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
It is not about trusting their family. It's about carrying around $400,000 worth of bitcoin on their phone instead of storing it somewhere safe. If his family member were able to recover the coins from his mobile wallet application after his death, then it means anyone could have stolen his phone and somehow recover the coins. It is not safe to store large amount of coins in a phone wallet.
Storing coins in mobile phone is not a ideal situation but in this case, that stupid son stole the coins from his father and even if he stored them in a hardware wallet, he will be able to access them considering the way in which he was able to move them from his mobile phone.
It is time to hide digital wealth from family members. Cheesy
Not sure if the son is stupid or someone else over here.... How does one steal from his own dead father that probably left the wealth for their children?
legendary
Activity: 2282
Merit: 1023
February 04, 2022, 04:57:26 PM
#15
"After his father passed out, Ghershony used his father’s phone to move $400,000 of Bitcoin to an account he could control"

Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.
Storing coins in mobile phone is not a ideal situation but in this case, that stupid son stole the coins from his father and even if he stored them in a hardware wallet, he will be able to access them considering the way in which he was able to move them from his mobile phone.
It is time to hide digital wealth from family members. Cheesy
hero member
Activity: 3080
Merit: 612
February 04, 2022, 03:24:12 PM
#14
It's sad that the son killed his father just because of money.

I'm sure the father has all the trust for the son, but his son knowing the father has the bitcoin stored on his phone was probably tempted to steal it. Nowadays, it's hard to trust anyone even your family, so it's better to keep silent about your holding and make sure you don't store in an online wallet if we are speaking of a huge amount of money already.

What disturbed me more here is the Son willing to kill the father just for the money, not the bitcoin stolen by the son.
legendary
Activity: 4424
Merit: 4794
February 04, 2022, 03:15:17 PM
#13
Maryland Man Drugs Father to Access His $400,000 in Bitcoin
https://decrypt.co/92072/maryland-man-drugs-father-to-access-his-400000-in-bitcoin

"After his father passed out, Ghershony used his father’s phone to move $400,000 of Bitcoin to an account he could control"

Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.
"Ghersony’s father—whose name has not been published—recalled being told by his son that he was “too emotional” and “too attached” to his crypto holdings." I do remember some other post here where we talked about not revealing your crypto HODLings to anyone, that conversation right there clearly shows that the Father told the son he had Crypto Hodling worth $400k. To me, the first important step to securing your Crypto assets is not Telling anyone about them but you can leave info on how to recover them if it becomes necessary.

if you cant even trust your own kids, and they are doped up on drugs and begging you to cash out so they can get high more.. worry less about your phone and worry more about getting your kid into rehab, or if he is showing tendencies to want to get you to blackout to steal from you. tell him to leave the house and clean his life up
full member
Activity: 1512
Merit: 115
February 04, 2022, 02:57:03 PM
#12
Maryland Man Drugs Father to Access His $400,000 in Bitcoin
https://decrypt.co/92072/maryland-man-drugs-father-to-access-his-400000-in-bitcoin

"After his father passed out, Ghershony used his father’s phone to move $400,000 of Bitcoin to an account he could control"

Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.
"Ghersony’s father—whose name has not been published—recalled being told by his son that he was “too emotional” and “too attached” to his crypto holdings." I do remember some other post here where we talked about not revealing your crypto HODLings to anyone, that conversation right there clearly shows that the Father told the son he had Crypto Hodling worth $400k. To me, the first important step to securing your Crypto assets is not Telling anyone about them but you can leave info on how to recover them if it becomes necessary.
legendary
Activity: 4424
Merit: 4794
February 04, 2022, 01:28:39 PM
#11
Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.

but you have no problem understanding a kid that would drug his own dad and steal from his dad?

i think this scenario is less about how he stored his crypto and more about how he raised his kid.
hero member
Activity: 3234
Merit: 775
🌀 Cosmic Casino
February 04, 2022, 01:19:31 PM
#10
I won't keep that much money on a mobile wallet. It's obvious that there's a danger if somebody knows that you're holding that much and you're too vocal with it.
It's a typical robbery that someone can think of even the closest people that you know if they know that you're holding that much. You don't really trust anyone with your assets.
hero member
Activity: 1652
Merit: 569
Catalog Websites
February 04, 2022, 12:44:19 PM
#9
This is just like friends or family members stealing money at gunpoint or by getting person drunk and this can happen in all the situations with any asset. But this is why hardware wallets has to be utilizes if you are holding more bitcoin than you need because any sort of fraud can happen to online wallets as are prone to get hacked or easily tricked.

This should be considered as a general fraud as similar thing can happen with your bank account as well and this is not limited to bitcoin or crypto alone.
legendary
Activity: 1932
Merit: 1273
February 04, 2022, 12:41:55 PM
#8
That's not really related only to bitcoin because I've seen many cases like this when a man kills his father to take control over his real estate, gold, or even for cash and that's not a new story at all which can be happen in any situation for anyone and with any asset, not just bitcoin.
~
The man must have told his son the amount of bitcoins he had without ever imagining that his son will be capable of such mischief, how disappointed the man must be!  Embarrassed
In fact, the father was already kind of aware of the surrounding before such an accident happened:
Quote
Ghersony’s father—whose name has not been published—recalled being told by his son that he was “too emotional” and “too attached” to his crypto holdings.

He also said that his son’s use of drugs—which included benzodiazepines and cocaine—led to him blacking out on a daily basis.

He also recalled his son telling him he needed to sell his crypto.

I also do aware that such immoral acts may happen outside the bitcoin space, but in the first, place keeping such a large amount of bitcoin on a mobile wallet shouldn't be the norm. The barrier to simply stealing or hacking bitcoin within a mobile wallet is way more prone to be lost.
legendary
Activity: 1498
Merit: 1116
Top-tier crypto casino and sportsbook
February 04, 2022, 12:24:59 PM
#7
That's not really related only to bitcoin because I've seen many cases like this when a man kills his father to take control over his real estate, gold, or even for cash and that's not a new story at all which can be happen in any situation for anyone and with any asset, not just bitcoin.
Man's nature is very unpredictable, and we must always exercise caution even to the ones we claim to know. There's an old saying from my locale, "Someone who knows you well, is the most likely to kill you", it is just a summary to say that you may feel too relaxed and let your guard down with people you claim to trust, but you may never know their motives. The man must have told his son the amount of bitcoins he had without ever imagining that his son will be capable of such mischief, how disappointed the man must be!  Embarrassed
mk4
legendary
Activity: 2940
Merit: 3883
📟 t3rminal.xyz
February 04, 2022, 12:00:54 PM
#6
If a man trusted his family, he would give them access to his wallet. And then he would not have been poisoned by drugs, and he could have died.

Probably not enough trust to literally hand over the exchange account's credentials or the wallet's private keys, but trusted enough to be live in the same home/room and probably give access to the phone's pin. Obviously the son still needs to have access to the phone itself, so this is the solution he thought of.
legendary
Activity: 2002
Merit: 4743
February 04, 2022, 11:15:04 AM
#5
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
If a man trusted his family, he would give them access to his wallet. And then he would not have been poisoned by drugs, and he could have died.
Having a lot of money makes you a target primarily for your family and friends, so it is very important to keep this data secret.
hero member
Activity: 1806
Merit: 722
Leading Crypto Sports Betting & Casino Platform
February 04, 2022, 10:52:52 AM
#4
That's not really related only to bitcoin because I've seen many cases like this when a man kills his father to take control over his real estate, gold, or even for cash and that's not a new story at all which can be happen in any situation for anyone and with any asset, not just bitcoin, but still, that's really sad to see a son kills his father for money or bitcoins even if his father was a bad man still he was his father and doing such thing was not good at all in any situation, but regardless of this, the most interesting part of the story is whoever if the earth could even imagine on 10 years ago that bitcoin would be that much valuable for people to kill other people for it.
jr. member
Activity: 86
Merit: 1
February 04, 2022, 10:37:29 AM
#3
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
legendary
Activity: 2268
Merit: 18775
February 04, 2022, 10:34:56 AM
#2
People need to think of mobile wallets like their actual physical wallets. Would you carry around $400,000 in cash in your wallet? Of course not, you would put it in a bank account somewhere. Why, then, would you carry around $400,000 in bitcoin in your mobile wallet instead of putting it in a hardware wallet or cold storage? Mobile wallets should be for small amounts of daily carrying and spending bitcoin, not for your life savings.

Also, don't protect a mobile wallet with biometrics, since they are incredibly insecure and can be duped, faked, or forcibly taken from you as in this case. Use a strong password or PIN instead.
legendary
Activity: 2002
Merit: 4743
February 04, 2022, 10:20:55 AM
#1
Maryland Man Drugs Father to Access His $400,000 in Bitcoin
https://decrypt.co/92072/maryland-man-drugs-father-to-access-his-400000-in-bitcoin

"After his father passed out, Ghershony used his father’s phone to move $400,000 of Bitcoin to an account he could control"

Probably this situation will not become a sensation, but I never understood people who store their bitcoins so that they can be stolen using a mobile phone.By installing any wallet program on your mobile phone, you tell many spyware about your cryptocurrency.
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