Armed robbers have raided the house of a British virtual currency trader

[trecore4]

Okay so first lesson from this story news is never use your real name in the internet world because you will be robbed for sure. That tells us how we are not making anonymous transaction at all, and everything is trackable publicly upto the extent that we are getting robbed in the house now.

Dam I gotta take down my name from the social networking now.

I have one concern here, how the hell those guys were not arrested. They have commited the crime and must be barred for sure.

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[el kaka22]

The story was predicted by a lot of people so far. No matter how you have you`re currency stored, someone will always want to get it. Safe code or blockchain private key - it is all the same. Even if you take precautions, everything can happen. Thanks God, I have nothing to be stolen)))

Seriously? You are thanking God for having nothing to be stolen? That your mindset though really made me laugh. The most important thing is to find a way to stay secured, but I guess we cannot always be secured 100% of the time anyway, but with some level of wisdom, I feel that could be possible. If you are doing any dealings online, you still have to be very careful you are not attaching it to yourself, otherwise you may be a victim.

I really do not see these robber being a problem for bitcoin in general. Your public address is not tied to your name, so how will that happen unless of course you publicly display your own address yourself and give them something to know your real identity. The last sentence you made is just the best here, and it is obviously better not to even brag about your wealth in general so you do not become a target.

[stompix]

If you are doing any dealings online, you still have to be very careful you are not attaching it to yourself, otherwise you may be a victim.

You can't do big businesses and remain anonymous.
This was not the case of some shady localbitcoin trader that was doing 10$ deals.

I really do not see these robber being a problem for bitcoin in general.

Yes it is a problem because of the way you can deal with the stolen goods.
If you steal jewelry or art you have to sell them somehow, just like cars , with cash you also have to avoid getting caught with the bills, bank deposits leave trails , everything can be traced.

But with bitcoin, you gain access to the coins, you send them to an address you own with the key stored somewhere safe, with no trace of it on your desktop, smartphone or anywhere in your house and you can walk away whistling from the scene.The victim has to come with proofs they were indeed robbed, and there is no evidence against you even if you the police stops you in matter of seconds after the robbery.

And this will attract only attract more and more robbers, we are going to see gangs specialized in those kind of things.

[CaptainKid]

Okay so first lesson from this story news is never use your real name in the internet world because you will be robbed for sure. That tells us how we are not making anonymous transaction at all, and everything is trackable publicly upto the extent that we are getting robbed in the house now.

Dam I gotta take down my name from the social networking now.

I have one concern here, how the hell those guys were not arrested. They have commited the crime and must be barred for sure.

The name from social networks does not need to be deleted, I think the main thing is to tell less than all what you do and not to make purchases that will attract the attention of robbers (such as an expensive car, a big house, etc.)

[rocketbits]

I believe this guy's identity might have been leaked thru exchanges databases or other platforms that needs KYC. If not, only his close relatives, friends would have known his involvements in the cryptocurrency space. Either of this two might be the cause.

Either through exchange, or probably made some mistake declaring how wealthy he is in virtual currency. Some do that a lot which makes them an easy target. However, no one is safe; we just always have to be extra careful. We cannot trust a single person and it is usually best to keep somethings to you than announcing to the whole world. Like you said, even your closest friend or your family may be your enemy.

[olubams]

I believe this guy's identity might have been leaked thru exchanges databases or other platforms that needs KYC. If not, only his close relatives, friends would have known his involvements in the cryptocurrency space. Either of this two might be the cause.

Either through exchange, or probably made some mistake declaring how wealthy he is in virtual currency. Some do that a lot which makes them an easy target. However, no one is safe; we just always have to be extra careful. We cannot trust a single person and it is usually best to keep somethings to you than announcing to the whole world. Like you said, even your closest friend or your family may be your enemy.

For someone who is that rich would not be stupid enough to announce his wealth just like that but some people are that foolish though to the extent of disclosing where they leave and put their entire family in danger that they didn't bargain for. But I think there is a lesson here that where you have majority of your fund, it should be kept in a further safe place maybe a bank, document management firm and the likes. For merely keeping it on your phone or paper on the shelf makes it vulnerable.

[0t3p0t]

3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

Yes I definitely agree. There were a lot of users worldwide let me just say billions of users and the story behind them either good or bad experiences are hidden including robbery of Bitcoins. It is really important for us to hide our identity online due to prying eyes lurking arround. Much better to not put our funds in one wallet for it to be safe incase something bad will happen. But based on my observation regarding the story the owner is a popular individual using his true name during transactions so I think that was a disadvantage of that much better to use pseudonym.

[Polipog]

I'm not totally believe on such situation that being happen, this is a second time I heard and read a column about robbers who attack a virtual cryptocurrency trader. However, if we believe the robbery story, there nothing loss us, but in that such kind of situation, it involves a person that knows the victim, it is likely an inside job. I am not so sure but this only my own idea. Hopefully that kind of situation will used as a learning lesson to everyone, so that everybody will make a total safety and security to their assets.

[fiulpro]

You know what's the best thing about Bitcoins?
It can easily be tracked.
The owner can easy track where his money was off to and after that ... police can contact that wallet company and dj something about it.
It's so easily trackable that I don't even know why the criminals choosed to do it.
Well idk what anyone will do... But that man can sure hire a private detective and get his investigation done and offcourse get his money back by contacting the police.
It's easier than fiat.

[covfefe_]

Hold but don't advertise your holdings. If you boast about having a huge amount, you'll surely be the prime target. And with cryptocurrency, it's easier to get away.

[stompix]

Yes I definitely agree. There were a lot of users worldwide let me just say billions of users and the story behind them either good or bad experiences are hidden including robbery of Bitcoins.

Billions of BTC users? Let's be serious....

You know what's the best thing about Bitcoins?
It can easily be tracked.
The owner can easy track where his money was off to and after that ... police can contact that wallet company and dj something about it.
It's so easily trackable that I don't even know why the criminals choosed to do it.
Well idk what anyone will do... But that man can sure hire a private detective and get his investigation done and offcourse get his money back by contacting the police.
It's easier than fiat.

No, it is not easy to track.
Use a few mixing services in a row, send the clean coins to an all crypto exchange, switch to eth or ltc, mix those and then buy the btc back.Nobody will be able to trace you.

And since you mentioned, "wallet company", you know there are alternatives right?
Most of us use our own wallets, because that's the main purpose of BTC

[Ethan Friedman]

These stories are popping up more and more. I think it's important to be very cautious with who you reveal the fact you hold cryptocurrency. This trend is only set to increase. I'm sure apps will be developed that hinder access to accounts but and increase in firewalls will also slow down the users ability to access funds so it is a trade up between ease of use and safety

[FreshMoff]

Yeah, happening a lot :/

Probably a place for multi-sig wallets with the other party off on another continent.

Business idea ? You're welcome!

[goldshops65]

God thats a real awkward news to be heard But he had to compensate a huge loss this time

[romanovst]

GOLDIATH is the online name of the mentioned businessman which has been robbed. He has a famous name and his real name was probably spotted by some well-organized criminal group. They can even be his close friends to whom he discovered his crypto wealth. All is relative right now and the police of the UK can only give positive interviews about their closing to the criminal hideout ( actually they will never catch the thief).

This is actually not the first physical robbery that includes the cryptocurrencies. Goverment gives us the information over the media that they can not suppress and hide. By my opinion there had already been many physical robberies of the cryptocurrencies in the criminal circles that cannot be revealed to the public (reveal can only lead to the prolongation of the investigation that the authorities are conduting). We are all victims of the false media publishment that the government uses for the manipulation.

I think this news was already shared here in previous threads. Now coming back to your reply, I agree to this. This is just like other criminal cases which are intentionally hidden in stats. Here in my country, the police is advised not to note all the complains as they have to report the total number of cases per month and year. All the states try to keep those stats to minimum, otherwise they are scolded by the politicians. If I was a rich investor and was robbed, I may not make this public as it can again happen in future if I get in limelight.

[stuffingfrisbee]

The Robber was a fool i should say and he was surely a bitcoin invester.

[BrewMaster]

the only thing that this proves is that bitcoin is growing in popularity and adoption to the point that even thieves are familiar with it. just like fiat that everyone uses and attracts all kinds of people including thieves, bitcoin is not becoming popular enough to attract every type of people.

and also it proves that a lot of bitcoin investors are still thinking they are safe just because they use bitcoin and don't pay attention to basic security measures that they normally pay attention to for fiat for example!

[livingfree]

the only thing that this proves is that bitcoin is growing in popularity and adoption to the point that even thieves are familiar with it.

Not only the thieves but even illegal dealers, traders and terrorists. Well this is the other side that many are considering which is bad to all of us, they are only looking to bitcoin this way and forgetting the positive sides.

just like fiat that everyone uses and attracts all kinds of people including thieves, bitcoin is not becoming popular enough to attract every type of people.

If the talk is about the bad use of bitcoin, they will not consider the bad use of fiat which is the sad reality. 

[stompix]

Ok then we have our first bitcoin robbery case also. So now what more can you want for this ecosystem to get fulfilled?

It's not the first.
I know for certain that there was a case in 2013 or 2014 when a guy was robbed at gun (or knife) point while doing a trade, something like 20 000$ or so.
I'm pretty sure that if we dig deeper there are cases that are even older.

This is not he case I remembered but still, it's 2015:
https://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/

And this post is from 2013:
https://bitcointalk.org/index.php?topic=288053.0

There are more in scam accusations just as old.

[Niranana]

3 months ago, one of the biggest Turkish exchange owner had kidnapped and forced to give private key of the cold wallet. Kidnappers stole 150 BTC. So this news is not the first physically stolen Bitcoins via force. I am sure there were some other robberies too.

Yep, kidnapping in order to knock out private keys is a very common practice nowadays. It has happened before, it'll happen again.