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Topic: Robbery involving sending of crypto to the robbers (Read 259 times)

full member
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Yes, that can be true in this case. I believe he has lost the money due to his carelessness and he might have access of the company's crypto on his phone. Most criminals these days know about crypto and thus he got attacked the crypto assets were transferred. Or there's chance that the robbery was a planed one.
Cyber crime can not he permantly eradicated but they can be temporary put under control by enlightened the public regarding the space and been able to follow crucial measures for the safe keep of our portfolio. We dare not expose our 12 private phrases to anyone because the world we lived on today is consider evil. The world is advancing and we know the dangers and risks taken for our growth. it's never been consider on our ends towards the space.
legendary
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This is one of the cons being well known by the people there's some people really trying to make something bad just to stole someones money or assets, I guess the only thing he can do is to make more security with himself and also to his family because money can earned back but the life is different. This is the reason as possible to make a low-key profile person if you have a tons of money but of course connection is right there so we cant remove that thing already.
legendary
Activity: 2814
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For people high profile targets like this, what's is left of them to do is, have a budget for a tight security team. It helps.
There's no doubt that it's well-planned. I mean he's a public figure which he said, and the deposit address is known by these robbers. They've planned this crime for a long time, and unfortunately for him, he got targeted.

I'm just confused with some parts. He's a CEO and he has crypto. Isn't he not aware of something like this can happen to him and why not have a bodyguard or a security team that could protect him at all times? Well anyway, things like this happens especially if you're a public figure like him that's why I always want to stay lowkey when it comes to cryptocurrency in general including my holdings, the assets that I'm holding and probably the knowledge that I'm sharing because being intelligent might be another reason for these crooks to do something like this to you as well since they might think that this person is intelligent, probably he has lots of cryptocurrency or Bitcoin in his wallet. Cheesy

This incident might be true, or it might not be (who knows). After all, we are in a world of internet where anybody can just say anything. If this is true then I hope that he finds justice and the suspects will be caught as well.

🖰🖰

I'm suspicious too. How did they get into his home? Let's say he holds a million USD on his computer, wouldn't a few cameras worth $1k be a good idea? How about a panic button that automatically calls the police? These things don't cost a lot of money. How about a gun at home? He hasn't said anything about having videos of the robbery, even from outside the house. Did he let them in?

I'm probably much poorer than him and I have an alarm system, cameras outside, my neighbors have cameras and one has a dog running around the yard all day, barking at everyone coming in.

How did that sohisticated group get to his home? Did they drive a stolen car? Did they park at his driveway, waiting for 30 minutes until he sends them the money?
hero member
Activity: 1120
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Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.
This is a good question to ask. Now I wonder if there have been people who have planned and executed this type of robberies on themselves for whatever. I know that one of them motives for this type of robbery may be financial but this CEO in the story has already said that most of the funds stolen are personal. How's he going to recovery them back. I don't know how the US system works here but hopefully he gets it back. The results of the investigation will most likely take years to be published but I hope that when it does, I'll be able to read it and connect the dots.
hero member
Activity: 784
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I guess he has access to the companies money on his phone or laptop is the reason the attackers were able to easily steal the money from him.
Yes, that can be true in this case. I believe he has lost the money due to his carelessness and he might have access of the company's crypto on his phone. Most criminals these days know about crypto and thus he got attacked the crypto assets were transferred. Or there's chance that the robbery was a planed one.
legendary
Activity: 3248
Merit: 1160
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Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.

It’s hard to hide that if it was just his plan because during the investigation, the experts will find out if he’s telling the truth or not. It’s really risky to have a lot of money in crypto because, in an instant, it can be taken from you using your weaknesses, like what happened. Maybe he just lacked internal control because if company funds were involved, there should be strong internal controls so that one person can’t access the majority of the funds. That’s the risk, even if you’re good at crypto and managing projects, but if you don’t anticipate things like this robbery, the money can disappear quickly. By the way, how much was lost, both from the company and his personal funds?
sr. member
Activity: 420
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Don't the company use multiSig wallets to save? There should be a signatory of atleast 3 persons in order to be able to transfer funds out of a company's fund. The industry we are doesn't promote trust, but if they have chosen to trust their CEO, they should deal with the consequences.

I wonder as well because a company is supposed to have at least 2 or more signatories before funds should be transferred out of the company's account and that's where the use of multisig wallets is necessary but the problem with people is that they choose to become adamant of things that should be treated with good protection simply because a CEO or workers may prove to have impeccable characters but they forget to know that some people can spend years to build a trust but can decide to lose their reputation in just a day that's why any cooperation or company needs more than 2 signatories to their account so that in a situation like this it will be difficult to move out companies funds since it will require the other parties to be a part of the signatory. Just like you said, they should bear the brunt of their carelessness.
sr. member
Activity: 658
Merit: 441
Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.

This is another reason to avoid flaunting your crypto investments online and to have your company's funds stored in a multisig wallet.

Honestly, I'm sorry for what happened to him but do not think he cannot stage the robbery to loot the two companies. People do all sorts of crazy things especially when they've some serious issues like debts or addiction. So, it's very possible for him to stage the robbery but it's left for the police to find out.
legendary
Activity: 2072
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Oh my god Smiley. How are you going to live with someone you don't trust? I can't imagine how that's possible.
Everything else is true. If you can't be a low-profile person, maybe you should come up with something else that tells everyone that you don't have access to the funds, no matter how scammers do it. No need to be chatty. The story of owning Bitcoin has changed the lives of many in a bad way, but a pre-prepared fake story delivered to the ears of those who might be tempted by the sums can also destroy interest in crime.
legendary
Activity: 1652
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If this isn't planned then what it has anything to do with the crypto, he just has bad security system in his house, and he is stupid enough to let all his personal belongings to someone else from the internet.
If it is his only personal money that was taken, it would have been better, but taken the companies coins along, that is suspicious. I do not yet believe the CEO. But he may not be telling lie. If what happened is true and not planned, he should not have played with companies money like that. He should not have had the money with him at home. Everything needed should be in the office and have a better backup means at home secretly saved somewhere. I guess he has access to the companies money on his phone or laptop is the reason the attackers were able to easily steal the money from him.
hero member
Activity: 952
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Nick Drakon, the CEO of Revelo Intel was attacked. The company's coins and his personal coins were demanded for in the presence of his wife and 8 month old child.

It’s been almost 4 years since I entered the crypto space as a somewhat “public figure” and my time here has been mostly fantastic. I have met hundreds of interesting and kind people, some of whom I now consider great friends.

My interactions with 99.5% of folks in the crypto industry have been overwhelmingly positive and productive. It’s been a pleasure to have chatted with some of you online, met some of you in person as well as doing business with some of you.

There is a dark side to this industry though which is quite sinister. Anonymous bad actors operating in the shadows are constantly waiting for opportunities to inflict pain and suffering while enriching themselves.

I was recently targeted, surveilled and robbed by a highly sophisticated group. This was an in person attack where my wife and 8 month old son were threatened.

The group was specifically interested in crypto assets and knew the deposit addresses belonging to the crypto businesses I operate. I was forced, at gunpoint, to log into a number of crypto accounts and transfer funds out.

The funds stolen comprised personal funds, Revelo Intel working capital & retained earnings, as well as Revelo Ventures (an investment syndicate) funds for deals awaiting settlement.

The vast majority of stolen funds belonged to me personally. There is some evidence to suggest that someone in the Ventures syndicate is either part of the group, or passing information onto them.

Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.

We cant predict on the desperation or level of how human can go, but with he way of it, i don't think it was a planned work, since his wife was involved in and i don't think its a good idea form him to engage doing such while his family where involved, things could turn around the way he never expect, also, what if the secret later exposed that it was a planned work, his reputation will be tarnished in public the money he would have been set for enjoying his life, in other approach we may give this situation, what if it wasn't a planned work, and his life and family at stake in such situation, if he has the requested asset and give them, then he may have to face anything consequence despite the proof, and if he doesn't cooperate with the robbers, they may shot him or any of the family members dead only for not coperating with their request.
legendary
Activity: 2576
Merit: 1043
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For people high profile targets like this, what's is left of them to do is, have a budget for a tight security team. It helps.
There's no doubt that it's well-planned. I mean he's a public figure which he said, and the deposit address is known by these robbers. They've planned this crime for a long time, and unfortunately for him, he got targeted.

I'm just confused with some parts. He's a CEO and he has crypto. Isn't he not aware of something like this can happen to him and why not have a bodyguard or a security team that could protect him at all times? Well anyway, things like this happens especially if you're a public figure like him that's why I always want to stay lowkey when it comes to cryptocurrency in general including my holdings, the assets that I'm holding and probably the knowledge that I'm sharing because being intelligent might be another reason for these crooks to do something like this to you as well since they might think that this person is intelligent, probably he has lots of cryptocurrency or Bitcoin in his wallet. Cheesy

This incident might be true, or it might not be (who knows). After all, we are in a world of internet where anybody can just say anything. If this is true then I hope that he finds justice and the suspects will be caught as well.

🖰🖰
sr. member
Activity: 476
Merit: 276
Nick Drakon, the CEO of Revelo Intel was attacked. The company's coins and his personal coins were demanded for in the presence of his wife and 8 month old child.
This is another good reason why we have to keep our bitcoin activities and holding secret because as the awareness of bitcoin increases, people will begin to see how to use it for the wrong reasons. If people start collecting ransom in bitcoin like they are already doing, it will be difficult to completely fight crime because it will take long time to trace bitcoin transactions.

This is the reason why no matter how much you would love somebody or a friend to start Bitcoin investment never expose your Bitcoin holding for them because we don't no the mind of people because sometimes in life even the friends we feel will not betray us can even mastermind an attack against you, however I was shocked when I saw someone saying that is good to show people how much Bitcoin they have on there portfolio so that they would be motivated to start investing on Bitcoin, I was just laughing because there is a serious risk in what he was doing, though I tried talking him out but he seem to have made up his mind about it so I decided to leave him be because if anything happen he would only blame himself.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
Looks like a complete planned act and about reporting, we know the success rate of finding these trails are slim so what if he just wanted to take the money and off the books completely. Rich people always tends to do things that can allow them to pay less taxes and what if this is just a one of it.

If this isn't planned then what it has anything to do with the crypto, he just has bad security system in his house, and he is stupid enough to let all his personal belongings to someone else from the internet.
full member
Activity: 168
Merit: 138
cout << "Bitcoin";
Nick Drakon, the CEO of Revelo Intel was attacked. The company's coins and his personal coins were demanded for in the presence of his wife and 8 month old child.

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Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.

I don't really think this is a planned act by the CEO, because at the end of the day, he will definitely make a refund of other people's share even though his own share was bigger. Some crypto holders have always overlooked the importance of anonymity and privacy, which makes this incident an opening eye to several others. Assuming there was no insider who provided the robbers with certain information, it means the robbers took their time to assess every vulnerability, thereby knowing so many things about the CEO.

But just as the CEO had said, there is an insider that was possibly working with the robbers, because I don't understand how those robbers could have possibly known that there were multiple wallet addresses where the coins were stored. Reporting to the police was the right time to do, but I doubt the outcome of the investigation, as the robbers might choose to use any service that helps protect the anonymity of a sender if they decide to split the funds.
sr. member
Activity: 588
Merit: 338

Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.
Whether the robbery was planned by the CEO or not there's still lessons to learn from the story which every Bitcoin holder should have in mind. There's a reason why Bitcoin gives it's holders privacy, one of them is because they're their own banks, meaning that the security of your coins is in your own hands. If you share your privacy or it's taken from you that means that you can lose your BTC forever. So true privacy should be by keeping your Bitcoin holding a secret from the public, especially for those that have thousand dollar worths of BTC. The CEO in discussion's robbery incident was definitely not from random thieves, it's either somebody or people that he has unintentionally told about his holding.

I also want to believe that no reasonable CEO will pull such a heist on himself, except perhaps he's owing huge dept and about to go bankrupt. But it's not worth it because if he's found out he'll be in far more trouble and financial mess.
sr. member
Activity: 686
Merit: 398
Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.
With the age of the child, it's silly for me to think about it in that way, although undisspeakable things are happening these days in the internet space all because of money, but someone of that magnitude can't easily think about such things as it endangers his family's life. 
 
Since the last statement pointed out that there are already suspected groups of people who are being investigated, we just hope to hear positive news about that later. If those involved are not caught, the CEO will not only pay back those lost funds of his victims but will also be considered the second suspect.
hero member
Activity: 1064
Merit: 501
Nick Drakon, the CEO of Revelo Intel was attacked. The company's coins and his personal coins were demanded for in the presence of his wife and 8 month old child.

It’s been almost 4 years since I entered the crypto space as a somewhat “public figure” and my time here has been mostly fantastic. I have met hundreds of interesting and kind people, some of whom I now consider great friends.

My interactions with 99.5% of folks in the crypto industry have been overwhelmingly positive and productive. It’s been a pleasure to have chatted with some of you online, met some of you in person as well as doing business with some of you.

There is a dark side to this industry though which is quite sinister. Anonymous bad actors operating in the shadows are constantly waiting for opportunities to inflict pain and suffering while enriching themselves.

I was recently targeted, surveilled and robbed by a highly sophisticated group. This was an in person attack where my wife and 8 month old son were threatened.

The group was specifically interested in crypto assets and knew the deposit addresses belonging to the crypto businesses I operate. I was forced, at gunpoint, to log into a number of crypto accounts and transfer funds out.

The funds stolen comprised personal funds, Revelo Intel working capital & retained earnings, as well as Revelo Ventures (an investment syndicate) funds for deals awaiting settlement.

The vast majority of stolen funds belonged to me personally. There is some evidence to suggest that someone in the Ventures syndicate is either part of the group, or passing information onto them.

Could this be planned by the CEO? I do not think a CEO can do something like this. He has reported the case and it is under investigation.
An insider of the company he is the CEO of orchestrated this act. That's very simple. Not on earth will someone know that he's in the custody of the company coins and his coins if not someone close or insider. That's the reason why, not everyone close meant well for you. You shouldn't let anyone know your self worth, whatever is in your possession, and where your family lives if you find out you held company funds or huge funds in crypto in your custody.

It's unfortunate that the CEO was caught unguarded with the threat of his wife and 8-month-old baby. The police will move into action with the report of those that he is aware of that knows he has the company coins with him
hero member
Activity: 1190
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Nick Drakon, the CEO of Revelo Intel was attacked. The company's coins and his personal coins were demanded for in the presence of his wife and 8 month old child.
This is another good reason why we have to keep our bitcoin activities and holding secret because as the awareness of bitcoin increases, people will begin to see how to use it for the wrong reasons. If people start collecting ransom in bitcoin like they are already doing, it will be difficult to completely fight crime because it will take long time to trace bitcoin transactions.
I agree. It’s safer to live under the rather than to be in the public eye. The celebrity status can be quite problematic for bitcoiners and investors with large amounts of crypto assets. There’s been so many reports of Physical Bitcoin and Cryptocurrency Attacks that Have Been Reported Worldwide.

It doesn’t take long to track Bitcoin transactions. They just have monitor the addresses on the blockchain and where the coins are moved to. If they are lucky, the criminals will move the coins or part of it to a centralized exchange. Although I doubt that will happen because from the story, the criminals seem to have in-depth knowledge of cryptocurrency.
legendary
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Merit: 1081
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The CEO mentioned that some of the funds he transferred are his personal funds, this is understandable. But in the case of the company's fund, I do not actually understand.
Don't the company use multiSig wallets to save? There should be a signatory of atleast 3 persons in order to be able to transfer funds out of a company's fund. The industry we are doesn't promote trust, but if they have chosen to trust their CEO, they should deal with the consequences.
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