Criminal Gang Physically Assaulting People for Their Cryptocurrency

This is pretty horrific:

…a group of men behind a violent crime spree designed to compel victims to hand over access to their cryptocurrency savings. That announcement and the criminal complaint laying out charges against St. Felix focused largely on a single theft of cryptocurrency from an elderly North Carolina couple, whose home St. Felix and one of his accomplices broke into before physically assaulting the two victims—­both in their seventies—­and forcing them to transfer more than $150,000 in Bitcoin and Ether to the thieves’ crypto wallets.

I think cryptocurrencies are more susceptible to this kind of real-world attack because they are largely outside the conventional banking system. Yet another reason to stay away from them.

Tags: bitcoin, crime, cryptocurrency, extortion, law enforcement, physical security, torture

Posted on July 18, 2024 at 11:33 AM • 0 Comments