Topic: Swedish Bitcoiners targeted by armed criminals (Read 338 times)

Equally dangerous in a way that even if you meet in a public place that seems safe and  you carry out your transactions. The thugs pretending to be your trading partners will trail you and rob your Bitcoin or fiat at gun point when you are defenseless and in a secluded place.

What are you saying? Know that people do not care about their privacy is the reason for what is happening to them that robbers are attacking them. If people like that have total privacy are in Sweden, this can not affect them because he cares about his privacy. Know that the privacy we are talking about is not total privacy in all aspect of life, but about total privacy in what are related to bitcoin and other crypto. Also know that social media like Facebook can be used to get their targets.

Equally dangerous in a way that even if you meet in a public place that seems safe and  you carry out your transactions. The thugs pretending to be your trading partners will trail you and rob your Bitcoin or fiat at gun point when you are defenseless and in a secluded place.

I say this because i know some people who have fallen victim to this kind of robbery.

Less dangerous than handing out your KYC information to a variety of strangers on the internet.

P2p trading involving physical meet ups for hard cash is also dangerous

I'm not saying that KYC is not a problem, put it's only a part of a larger picture in terms of physical attacks.

It's definitely enough. Look at what happened after the Ledger database hack - everyone who had submitted their personal details to Ledger to purchase a product started receiving phishing emails and phone calls. Some reported receiving physical letters or even fake devices being mailed to their address. And there were also reports of physical attacks. None of these attacks would have known the bitcoin addresses involved, but knowing someone bought a hardware wallet is enough to make you a target. In the exact same vein, knowing that you have completely KYC at a centralized exchange is enough to make you a target.

I've said it many times before - the only safe KYC is no KYC.

We are warning people to be careful of KYC but many did not answer, see armed criminals targeting bitcoin and other crypto users in Sweden.



I will not say more than this, read more from https://cointelegraph.com/news/swedish-bitcoiners-targeted-by-armed-criminals

If you like, continue to submit your KYC or giving it out. Just know that this will begin from somewhere and you may be the next target.

You need privacy and anonymity. Also avoid social media which armed crimals can use to target people that know about cryptocurrencies.

We are warning people to be careful of KYC but many did not answer, see armed criminals targeting bitcoin and other crypto users in Sweden.

The data that is already available for people to see and said to have been abused for illegal activities:

Apart from completing KYC on exchanges and other platforms that demands for it, bitcoiners should also try to live a private live. So many persons that are in the cryptocurrency industry are found of flaunting their wealth on the internet. So brand their shirts or cars with bitcoin logos while revealing where they live through their social media posts. This is enough for criminals to track anyone.

Try as much as possible to avoid completing KYC, but if you must submit, it should be on highly reputable platforms. Atleast level 1 KYC is ok. You don't need to send your biometrics, scam your face and consistently update your residential address.

This is the reason why I detest KYC. For safety reasons exchanges and casinos demand for customers KYC and for that same safety too customers decline KYC. Now this is what is happening at Sweden when Bitcoin holders details are been revealed who is safe then because that is why one needs to be careful with KYC as they can not guarantee the safety of your details from hackers.
If you can do without undergoing KYC, better for you  as it stands now KYC is no more safe again because of the rate at which details are stolen from third parties.

KYC database, especially without link to victim's Bitcoin addresses, is not enough to target someone, but it could be a start.

If you like, continue to submit your KYC or giving it out. Just know that this will begin from somewhere and you may be the next target.

Banks are even better than exchanges because money sent from the bank can still be traced. This will make the thieves to think otherwise.

Submitting KYC can't be helped.  Legit business like online shopping, online banking and any form of online services that has something to do with finances needs to process KYC.  Whether one is transacting in cryptocurrency or fiat currency, there is still a need to submit KYC when purchasing things.  

The institution should be more responsible when they require their client to submit KYC.  They should protect it as if their lives depend on it.  But sadly, the unexpected always happens like hacking of the database of certain popular financial services and alike.

Yes, we can choose reputable platforms and be very careful in choosing the platform to use but we cannot do anything if the database of government that stores its citizen information is hacked or leaked like what happened in my country where the database of voters was hacked and the recent incident Philhealth where users/members data were accessed.

I feel bad for the victim but damn the "The Offentlighetsprincipen" law must be one of the stupidest laws I've heard and their government are literally putting their citizen at risk with that law. From what I understand from the article, anyone in Sweden can ask for information about someone's residence and other personal information available.

any Swedish here? what do you guys think about Offentlighetsprincipen?

I think he might trying to say if the Sweden’s Offentlighetsprincipen is easily to share about someone location and his tax records (which you will know how much money he have). Although this is not discussing about Bitcoin, it's fall to privacy and legal discussions.

Since I'm not a Swedish, I can't verify if the government is really easy to share someone else data or not when it's requested by a stranger.

I will accept this. But with the ways regulations are going on, and as more people are knowing about cryptocurrencies, we should expect this because there will be increasing in the numbers of people that are likely to carry out this type of physical attack. We should be careful online. But with Offentlighetsprincipen in Sweden, the country is not good for bitcoin and other cryptocurrency users, especially those that are average and rich.

Their government breached their citizens data publicly. What a shame.

-snip-

Now that we have the opportunity to use bitcoin, then we should make every possible efforts to get the best from the varieties of opportunities bitcoin has brought to served us with, using a centralized exchange is nothing than using a commercial bank to safe your cryptocurrency, this means all your information is with them and they can use any against us, but if we are very intended to go on with privacy.

Saw this Tweet by Eric Wall (a bitcoin personality). Based on his description, Sweden looks to be an awful place to live in if you're into bitcoin/crypto.

There's a chance that someone who's working with Sweden’s Offentlighetsprincipen who is also in charge of handling cryptocurrency taxpayer privacy information will sell the information or provide it to criminals.

The Offentlighetsprincipen law also reportedly makes it easy for citizens to search for Swedish residents’ addresses as well as scour their tax records. This is being abused, as criminals can ascertain how much an individual has paid in income or capital gains tax and “size them up” as a result.

We are warning people to be careful of KYC but many did not answer, see armed criminals targeting bitcoin and other crypto users in Sweden.



I will not say more than this, read more from https://cointelegraph.com/news/swedish-bitcoiners-targeted-by-armed-criminals

If you like, continue to submit your KYC or giving it out. Just know that this will begin from somewhere and you may be the next target.

You need privacy and anonymity. Also avoid social media which armed crimals can use to target people that know about cryptocurrencies.

I think he might trying to say if the Sweden’s Offentlighetsprincipen is easily to share about someone location and his tax records (which you will know how much money he have). Although this is not discussing about Bitcoin, it's fall to privacy and legal discussions.

Since I'm not a Swedish, I can't verify if the government is really easy to share someone else data or not when it's requested by a stranger.

What are you saying? Know that people do not care about their privacy is the reason for what is happening to them that robbers are attacking them.

You need privacy and anonymity. Also avoid social media which armed crimals can use to target people that know about cryptocurrencies.

there's now officially a situation in sweden

this monday, a middle-aged swedish couple was tied up in their home and robbed by 4 masked men. they were physically abused and threatened with their own kitchen knives. they were tied up for hours and one had to be escorted to the hospital via helicopter.

the purpose of the assault was to steal the couple's bitcoin

unfortunately, this is not a new occurence in sweden now. only last month, two well-known bitcoin/crypto profiles were targeted in their homes by masked, armed men

one of them had no physical bitcoin, but was physically abused for 3 hours. the other got away because only their spouse was home at the time.

the first time this happened was last year, one of sweden's most well-known bitcoiners had criminals break into their apartment

even though that person gave up a significant amount of bitcoin/crypto, they were physically beaten and abused for hours infront of their partner. that person was scarred for months and largely withdrew from public life after the assault

what appears to be common for each of these cases is that the victims had livestreamed a podcast about bitcoin/crypto days before their assault, or mentioned bitcoin in a public context

this situation is occurring because in sweden, you can easily search for any person's residential address and drive straight to their house. if you're curious, you can also search for their tax records, and find out exactly how much they paid in income or capital gains tax, and size them up from that

sweden is probably one of the least safe countries to be active in the cryptocurrency sector in at the moment. i've personally left sweden and i don't expect to return until the laws around personal privacy change.

"The Principle of Public Access to Information", known in swedish as "Offentlighetsprincipen" (the law that makes residential addresses and tax records public) is the main culprit behind this strangeness relative to other countries. while the intentions behind this legislation was to reduce corruption, it is not fit for modern society.

I don't know if you have read the article, of course we want our privacy, but Sweden has this very lax law, As per article:

If you're a bitcoiner, then it's time to value your privacy, i believe that this should be one of the tiring challenges we had with the use of fiat before thinking of an alternative,

Now that we have the opportunity to use bitcoin, then we should make every possible efforts to get the best from the varieties of opportunities bitcoin has brought to served us with, using a centralized exchange is nothing than using a commercial bank to safe your cryptocurrency, this means all your information is with them and they can use any against us, but if we are very intended to go on with privacy.

It's something easy to achieve because hackers wouldn't have access to be able to attack us when they know nothing about us, neither would the government regulate where our asset is, the least one can do is to afford making the use of mixers for these or use some of the privacy secured wallet types or run a full node.

Not your keys, not your coins.

He also believes that Sweden’s Offentlighetsprincipen (Principle of Public Access to Information) laws, which give the public the right to request information, including residential addresses and tax records from the government, are becoming a means for criminals to prey on ecosystem participants.

We are warning people to be careful of KYC but many did not answer, see armed criminals targeting bitcoin and other crypto users in Sweden.



I will not say more than this, read more from https://cointelegraph.com/news/swedish-bitcoiners-targeted-by-armed-criminals

If you like, continue to submit your KYC or giving it out. Just know that this will begin from somewhere and you may be the next target.

You need privacy and anonymity.

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of the ease of access to personal information and residential addresses in the country.