It's best not to discuss bitcoin with ANYONE. Even family. And that's not because I'm saying you can't trust them personally, but they might talk to their friends or coworkers about how their son or their nephew just made a fortune in bitcoin. It might get the wrong kind of people thinking.
And it's one of the issues that gives me pause for thought about a future world where everyone is "their own bank". Will we all need to live in fear of thugs breaking into our homes and demanding our hardware wallets and PIN codes?
Topic: Bitcoin Trader Brutally Tortured - page 9. (Read 1551 times)
A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police. The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?
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Sometimes youtube trading stars show their balance figures while talking about their strategy on social media. Cryptocurrencies are easy to lose trace by robbers and they usually convert the stolen bitcoins to anonymous coins for bypassing the required documents for KYC.- More information here:
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Doesn`t need to be an inside job. Maybe trader was sharing his trading success with the person that he didn`t suppose to. Or was discussing about it with his friends in some public place while this criminals were near by and listening. Finding was easy then, they probably just tracked him.
This is the exact reason why I really dislike buying those bitcoin stickers and shirts. The last thing I want is to be tortured for me to give the criminals my private keys. Wearing bitcoin or cryptocurrency-related paraphernalia is pretty much like a huge "rob me" sign and is a huge unnecessary risk a person is taking.
Exactly.Just like on my situation where i do put some Bitcoin sign into my own motorcycle and lately i realized about the possibility on being robbed because you do let
yourself become attractive to criminals since they do know that you are engage with crypto and would really have the money to ransom on or to pay up when they try to harass you.
My country has a bitcoin stock exchange called BTCTURK. Recently, fake e-mails were sent to users of this BTCTURK.. their purpose was to steal people's bitcoins. Well, hackers. How did btcturk find their e-mail addresses? i think, this has been an answer to the question you ask.
I can't believe that, people are willing to die for bitcoin, this is madness!!
It's really madness, remember that without money no life will survive on this planet earth, so, men are ready to kill or die just to have the money, money they said "is the roots of all evil" and the power of survivals. to what extent humans can go to acquire money is unspeakable, Bitcoin is money.
Bitcoin, tokens, shitcoin, mining rigs, I think they can go very low. And survival, I think the preppers are going too far, they completely mess up everyone's minds, and I didn't blame them for the idea, I would blame the believer just like they believe the religion.
I can't believe that, people are willing to die for bitcoin, this is madness!!
The biggest advantage that Bitcoin and the cryptocurrency market provides is the ability to stay anonymous while conducting financial transactions, but there is no point if you give up your anonymity through KYC etc at the end of the day.
Remember bitcoin was only a few years old, and it must be a huge milestone for bitcoin to become a money to die for, looking back at old day, bitcoin barely worth a pizza, let alone die for a pizza would make more sense. And it's not easy to stay anon for long, when everything fly through the moon, all the hodlers making new live streams every damn hour, trying hard to reveal themselve.
Coinbase just got caught selling their customers' data and other exchanges are doing the same. If you ever signed up for a crypto exchange your info is out there somewhere and believe me, it is not safe. I'm sorry to hear about this guys losses but he was probably already very wealthy and could withstand the hit.
This is serious and because of these malpractices whole crypto gets a bad mark. But, I don't think this is the case in this incident. The trader must have boast his trading skills and profit online. The robbers might be relatives/ friends or hired help by them who know about his virtual assets. No one can be trusted these days. That is why even Satoshi Nakamoto hasn't revealed his identity yet.
Coinbase just got caught selling their customers' data and other exchanges are doing the same. If you ever signed up for a crypto exchange your info is out there somewhere and believe me, it is not safe. I'm sorry to hear about this guys losses but he was probably already very wealthy and could withstand the hit.
No matter how secure your passwords might be, if you are dumb enough to tell everyone that you're a bitcoin trader and holds a lot of coins, a pipe and anything blunt will be enough to crack that password open. For some reason, I'm inclined to think that the trader is living his life as an influencer of some sort, leading to this brutal action done by the suspects. Or it could be that some rogue employee on the platform he's trading on has gone mad and traced one of the rich clients in order to get something 'directly' from him. Well in any case, KYC data should be kept safe, somewhere secure and only a handful of personnel given access to, if not, more and more things like this will happen in the future. And for users, please embrace privacy as it will be the only thing keeping you from being clubbed and tortured like this guy had.
The robbers probably got the user's identity from some company or someone who has information.
There are many ways the suspects could have had an idea that the victim held bitcoins or some sort of cryptocurrency.
I am also not a fan of centralized exchanges, but It is really unlikely that an exchange had released personal information of account holders.
Well, I can't tell for sure how he was traced and tracked. The continues problem of having to compulsorily undergo KYC in exchanges and some ICO can't be completely ruled out. Another possible conspiracy theorem are his friends or acquaintance. This is a terrible case of having your Private key with you, which is inevitable.
Looks like I have been inviting robbers too as I have been wearing bitcoin king shirt for sometime in the school of my kid. What is more worrisome is that I don't have much BTC myself to give to my robbers. If a bitcoiner have luxurious car then he also invites robbers, its an advantageous for robbers to only victimize cryptousers as the coins are hard to take back.
This is a sadistic story, maybe it's really an insider and can be from a close friend, so they can find out the identity and number of ownership of bitcoin from the victim.
We shouldn't be ignorant of the functionality of KYC; the victim may coincidentally had filled his/her personal data information on an exchange or for Bounty campaign which through means the hacked was done and the entire information submitted on the exchange stolen and been used against the victim. Let's be careful on how we submit our personal data online all in the name to claim just some shitcoins.
I can't believe that, people are willing to die for bitcoin, this is madness!!
It's really madness, remember that without money no life will survive on this planet earth, so, men are ready to kill or die just to have the money, money they said "is the roots of all evil" and the power of survivals. to what extent humans can go to acquire money is unspeakable, Bitcoin is money.
This is a sadistic story, maybe it's really an insider and can be from a close friend, so they can find out the identity and number of ownership of bitcoin from the victim.
This guy was probably involved in some shadyt dealings and got what was coming to him.
Quite an out-of-nowhere assumption there. Not every victims has to be someone shady. We're talking about private keys here; he was most likely tortured to hand over the funds on his exchange account or his private keys.
A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police. The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?
More information here:
Thats really bad and they might have got information from his known ones from close freind who have all the knowledge about his trading or victim might have himself disclose his indentity by some means like showing him crypto trader.Thats why i don't like my identity to be disclosed and getting tortured and losing my private keys. Be safe mates. More information here:
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I can't believe that, people are willing to die for bitcoin, this is madness!!
The biggest advantage that Bitcoin and the cryptocurrency market provides is the ability to stay anonymous while conducting financial transactions, but there is no point if you give up your anonymity through KYC etc at the end of the day.
Can I ask what all the people commenting here about it being an "inside job" mean when they say that? The guy tortured himself? Also, the story says they didn't actually get anything from him so it was a pretty crappy attempt at a robbery, whether inside job or not.
A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police. The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?
More information here:
More information here:
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Probably an inside job. Or the person may have been bragging about his portfolio. Its a sad news especially since the crime was made in front of his children. I guess there's still a lesson to be picked up from this, that we should be extra careful about who we trust with important information. Hope the family gets justice.
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