Just as the first comment already said, if an individual doesn't expose their crypto portfolio to anyone, they cannot be kidnapped and killed after the kidnapper must have stolen the individual's asset.
Never trust anyone with your investment information, just as you cannot trust them with your private key. Some people might be your friends, but inside their hearts, they are not fully happy with your success, and if you are giving such friends information about your financial status and investment, they can gang up against you with some other bad friend.
Bitcoin makes it possible for anyone, anywhere, to invest any amount of money in Bitcoin and hold it in their wallet without the identity of the investor being known to anyone. So, if you keep your Bitcoin investment a secret, kidnapers will not know.
Topic: Suggest Practical Ways Someone Could Have Prevented This - page 2. (Read 707 times)
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Cryptos are fairly popular in Ukraine, so it's not surprising that the criminals wanted to get someone's crypto holdings. I am sorry that this resulted in a violent crime and the death of the victim. What is good is that the police acted fast, arrested the alleged perpetrators, and they are facing Ukraine's most serious punishment: life imprisonment. So swift work of law enforcement is a positive side here.
I am not sure what could have been done to prevent it. The article mentions that the attack was planned in advance and that the offenders learned that the victim had a certain amount of BTC. It is not clear how they learned that, but this was a potential point that could have been different (if the foreigner's crypto funds were not discovered). But let's not resort to victim-blaming here. It was an unfortunate turn of events, a murder. Sometimes there's nothing that can be done to prevent it.
I am not sure what could have been done to prevent it. The article mentions that the attack was planned in advance and that the offenders learned that the victim had a certain amount of BTC. It is not clear how they learned that, but this was a potential point that could have been different (if the foreigner's crypto funds were not discovered). But let's not resort to victim-blaming here. It was an unfortunate turn of events, a murder. Sometimes there's nothing that can be done to prevent it.
Use a bank instead. That's why people like banks. Physically guarding your own savings is for the birds.
How does he use his bank? This kidnappers or thieves weren’t working just on speculation of him having bitcoin, they were definitely sure he had bitcoin, so should he deny it at the detriment of his life, I don’t think that’s one wise decision. He made a mistake and that’s announcing his bitcoin holdings which might have got him into this mess from the onset there is nothing that a bank can do here.
You could tell me that the bank account he transfers money to might have a details of someone but the criminals wouldn’t be that naive to move such way, they might ask him to do a physical withdrawal because if he sends to their banks they can be traced, same if the bitcoin too is sent to a platform or exchange with KYC
That's right, the bank can't help the guy in this case either because there are many ways for criminals to get money from bank accounts.
He made the mistake of showing off his assets to others and accidentally became the target of criminals. In this case, if it wasn't bitcoin, he still wouldn't be able to avoid being robbed if he accidentally let criminals know about his assets.
To me, bitcoin robbery stories are not many compared to money and gold robbery stories that happen every day... and the reason is all because they like to brag. Therefore, not only with bitcoin but with all our assets, we should keep it a secret from everyone and especially avoid bragging on social networks if we don't want a tragic ending like that guy.
This guy was kidnapped in Kyiv, forced to transfer all his BTC and murdered. What could he have done to prevent this?
https://unn.ua/news/u-kyievi-vykraly-ta-vbyly-inozemtsia-zarady-bitkoiniv-na-miliony-hryven-politsiia
https://unn.ua/news/u-kyievi-vykraly-ta-vbyly-inozemtsia-zarady-bitkoiniv-na-miliony-hryven-politsiia
While I tried to read on the link but I couldn't because it's written in Russian language, I'll only say that the option to prevent this is to just stay away and prevent whatever that would attract the public of your assets and don't trust even your loved ones because betrayal can come from anywhere.
Don't also try to suffocate the venerable with your money because it attracts the public that you've a lot of money.
1. Never disclose your Bitcoin asset or its worth to anyone and make sure you only buy your Bitcoin from external sources that can never trace it to you.
What's external sources?This is common with P2P and other exchange platforms.
In my opinion, people who cannot be silent about how much they have cannot “be their own bank”.
Kinda puts an interesting little discussion on the debate between personal autonomy and personal competency in today's population. The reason safety guards and authority states exist is because of the incompetency of the average person. We all have seen cases of the naive individual who falls for some email scam, or even a street hustle. Everyone is just too ignorant and/or not cautious enough.It's not a matter of 'being smart'. It is a matter of what should be plain common sense! You don't go around on social media bragging about all of the nice things you have and sometimes in the same breath tell that your are going on vacation tomorrow for a week. You don't have apps running on yer phone letting everyone know where you are (or for that matter have GPS active at all). etc etc.
Regarding:
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Just because you are smart doesn't mean you spend every waking hour looking for ways people can scam you--as scammers do.
The reason safety guards exist is because we have this cool "civilization" thing that allows us to have specialized professions, freeing most people to pursue their field rather than needing to know ever single one of them.
Again, being knowledgeable in a given profession is irrelevant: When delving into something new - LEARN ABOUT IT - not just 'what it is' and 'how much you can make' but also potential pitfalls, how to avoid them, and what to look out for before investing in it. The reason safety guards exist is because we have this cool "civilization" thing that allows us to have specialized professions, freeing most people to pursue their field rather than needing to know ever single one of them.
In my opinion, people who cannot be silent about how much they have cannot “be their own bank”.
The reason safety guards and authority states exist is because of the incompetency of the average person. We all have seen cases of the naive individual who falls for some email scam, or even a street hustle. Everyone is just too ignorant and/or not cautious enough.
Anybody can be caught up in a scam--anybody. I've known some very, very smart people caught up in scams (e.g. pickpockets and the like). Just because you are smart doesn't mean you spend every waking hour looking for ways people can scam you--as scammers do.
The reason safety guards exist is because we have this cool "civilization" thing that allows us to have specialized professions, freeing most people to pursue their field rather than needing to know ever single one of them.
In my opinion, people who cannot be silent about how much they have cannot “be their own bank”.
Interesting link between two of our threads here.
Everybody here seems to be clear that keeping your Bitcoin holdings private is essential to keeping safe.
And yet in another thread we're talking about how Bitcoin cannot really be used privately.
Everybody here knows Bitcoin is pseudonymous and all transactions are visible on the blockchain. Bitcoin is not a privacy coin. That does not mean you cannot keep your bitcoin hodlings private. Your finances is your personal business and for your knowledge alone. I believe the only reason why the robbers were interested in the bitcoins was because they had information (either through his social media or an acquaintance) that the man had bitcoins in his possession. Everybody here seems to be clear that keeping your Bitcoin holdings private is essential to keeping safe.
And yet in another thread we're talking about how Bitcoin cannot really be used privately.
In my opinion, people who cannot be silent about how much they have cannot “be their own bank”.
Interesting link between two of our threads here.
Everybody here seems to be clear that keeping your Bitcoin holdings private is essential to keeping safe.
And yet in another thread we're talking about how Bitcoin cannot really be used privately.
Everybody here seems to be clear that keeping your Bitcoin holdings private is essential to keeping safe.
And yet in another thread we're talking about how Bitcoin cannot really be used privately.
The only business where maintaining privacy is essential is investing in Bitcoin. If someone can't keep that privacy, then I believe they are responsible for the consequences. Hold your Bitcoin and there's no need to tell anyone about it.
What could he have done to prevent this?
Criminals won't be trying to get your bitcoin off you if they didn't know you have bitcoin in the first place.
Be private with your bitcoin/crypto holdings because no one really has to know.
https://chainsec.io/wrench-attack
The bad actors will never know that you've got Bitcoin if they don't really know that you've got it in the first place. They won't end up kidnapping someone and force that guy to transfer his Bitcoin to them without them knowing that you have it. That's why staying low profile is important if you want to make yourself safe from all of those bad people. You don't need to flaunt your crypto assets or even your fiat or wealth to the public, especially on social media. You have no idea how many bad eyes are looking at you.
This guy was kidnapped in Kyiv, forced to transfer all his BTC and murdered. What could he have done to prevent this?
https://unn.ua/news/u-kyievi-vykraly-ta-vbyly-inozemtsia-zarady-bitkoiniv-na-miliony-hryven-politsiia
https://unn.ua/news/u-kyievi-vykraly-ta-vbyly-inozemtsia-zarady-bitkoiniv-na-miliony-hryven-politsiia
Never flash your wealth unless you can afford bodyguards and live a modest life. I think every single person needs to remember and practice this.
Bitcoin is a pseudo anonymous asset. So there is no way to know how much Bitcoins you are holding unless you are vocal about it. It's sad to see such kind of incidents. But it's more important to understand the source of information where criminals were able to identify a person with Bitcoins and planned to steal it.
Use a bank instead. That's why people like banks. Physically guarding your own savings is for the birds.
How does he use his bank?
Well, in this case he should have used an account at a brokerage like Binance or something.
Most people don't benefit from self-custodial wallets with their life savings in them. It makes perfect sense for "small" amounts of money, but for large amounts, a bank connected to your identity is best.
I wrote about this apparent contradiction in an article called, The Anon Paradox.
Use a bank instead. That's why people like banks. Physically guarding your own savings is for the birds.
How does he use his bank? This kidnappers or thieves weren’t working just on speculation of him having bitcoin, they were definitely sure he had bitcoin, so should he deny it at the detriment of his life, I don’t think that’s one wise decision. He made a mistake and that’s announcing his bitcoin holdings which might have got him into this mess from the onset there is nothing that a bank can do here.
You could tell me that the bank account he transfers money to might have a details of someone but the criminals wouldn’t be that naive to move such way, they might ask him to do a physical withdrawal because if he sends to their banks they can be traced, same if the bitcoin too is sent to a platform or exchange with KYC
Keeping huge funds in banks is even more riskier. Almost all the bank staff will know how much you are worth. There are incidents where bank staff acts as spies for criminals, and give them information about the client's accounts. Criminals also force targets to transfer funds from their bank accounts. But the good part of it is that such funds can be tracked easily.
If a bank employee commits a crime, the bank is liable and makes you whole. ..That's what a bank is.
The bank is liable okay, but that's if you're alive to sue.
What learned from all these is that hodling is banking. A hodler is a bank and banks can be robbed. Unfortunately, most hodlers are not well-protected like banks.
It's important to remain anonymous and humble because it's unlikely that criminals will target you when they don't know your assets. It's just that not a few cases today occur when we try to show off and show off our portfolios where consciously or not it will invite a lot of people with various intentions including harm.
This is clearly quite depressing but there is nothing that can be done because after all the cause and effect clearly exists so that this can be a good consideration for us to be more humble so that we do not become a target just because we are too much to show off the assets we have consciously or not.
This does not mean that I justify what the criminals do because indeed it is one of the heinous acts and they deserve the punishment, but on the other hand we must also be able to limit ourselves so as not to get too carried away when the hype so as not to cause malicious intent from others because indeed it is an important thing so that our anonymity must be well maintained.
This is clearly quite depressing but there is nothing that can be done because after all the cause and effect clearly exists so that this can be a good consideration for us to be more humble so that we do not become a target just because we are too much to show off the assets we have consciously or not.
This does not mean that I justify what the criminals do because indeed it is one of the heinous acts and they deserve the punishment, but on the other hand we must also be able to limit ourselves so as not to get too carried away when the hype so as not to cause malicious intent from others because indeed it is an important thing so that our anonymity must be well maintained.
This guy was kidnapped in Kyiv, forced to transfer all his BTC and murdered. What could he have done to prevent this?
https://unn.ua/news/u-kyievi-vykraly-ta-vbyly-inozemtsia-zarady-bitkoiniv-na-miliony-hryven-politsiia
https://unn.ua/news/u-kyievi-vykraly-ta-vbyly-inozemtsia-zarady-bitkoiniv-na-miliony-hryven-politsiia
Just remain silent on everything you have and don't flex your bitcoin.
If you stay low key on everything for sure there will be no criminal would able to think to steal something from you. Criminals will only attack if they know that there's something to get from their targets. So to avoid being one of their target or hot in their eyes always hide your activities and live a simple life especially if you live on a city where to many criminals are residing.
But if you can't really avoid to show something or if people obviously know that you are earning big profits from bitcoin then much better hire a security personnel, since for that you can assure that you are well protected by help of those people.
It's so sad they had to kill him. They could have just taken his Bitcoin and left him alone to go his own way. It's a crazy world out there and we have to protect ourselves with what we have any way we can both offline and online.
I guess it's because of the ethnic, the victim is a Moroccan, high likely an Arabian.Middle east people faced discrimination in Ukraine., if they robbed white people, I don't think they will kill the victims.
1. Never disclose your Bitcoin asset or its worth to anyone and make sure you only buy your Bitcoin from external sources that can never trace it to you.
What's external sources?Use a bank instead. That's why people like banks. Physically guarding your own savings is for the birds.
1. The robbery will force the victim to send the money to their account.2. The robbery will force the victim to withdraw the money on ATM till maximum limit.
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