[2018-01-09] Russian Bitcoin Blogger Robbed and Beaten After Boasting Wealth

[FollowSynergy]

Pavel Nyashin, a 24-year-old Internet blogger from St. Petersburg who blogged about his wealth, was beaten and robbed of nearly 24 million rubles in his Leningrad area home, according to forklog. Nyashin had even mentioned the house where he kept his crypto holdings..

Police are investigating the incident. Nyashin, who was hospitalized after the attack, said he remembers the face of one of the robbers who did not wear a mask.

Nyashin, who founded “Kryptach,” a Youtube channel, had posted a video on social media networks in which he taught people to trade bitcoin on exchanges.

Robbers Make Off With Safe

He said that the robbers, most of whom wore New Year’s masks, hit him in the eye with a pistol before tying him up, according to NTV. The robbers then tied up a friend of his on the second floor and took a safe containing the equivalent of 24 million rubles and important documents, as well as a computer he used for trading bitcoin.

The robbers destroyed all of Nyashin’s home appliances and computers before leaving in a Mercedes.

Shortly before the attack, a stranger contacted Nyashin who claimed he wanted to invest in cryptocurrencies and wanted Nyashin to trade on his behalf on an exchange. This individual could have been among the robbers, Nyashin said.

It is uncertain how the robbers learned Nyashin’s home address, although he did show his apartment in one of his videos. He does not know if the robbers have figured out how to get into his blogger’s account or to access his cryptocurrency.

Also read: $1 million bitcoin ransom reportedly paid for kidnapped EXMO executive

Not The First Crypto Expert Targeted

Nyashin is not the first cryptocurrency expert to be targeted by criminals.

Pavel Lerner, an analyst at EXMO LLP and a “blockbuster” expert, was abducted by armed men waiting for him near his office in Kiev. The kidnappers eventually released Lerner, who has been involved in a number of startups related to cryptocurrencies, on Dec. 29 after a ransom of $1 million worth of bitcoin was paid for his release.

https://www.ccn.com/leningrad-bitcoin-blogger-who-boasted-of-his-wealth-gets-robbed-and-beaten/

[coin_lover]

This stuff is getting serious now , people should be careful and think twice before showing off their wealth in social media . Its easy to find out someones details and target his/her like in this case .

[richardsNY]

This stuff is getting serious now , people should be careful and think twice before showing off their wealth in social media . Its easy to find out someones details and target his/her like in this case .

It's stupid that people even feel the need to show off. Seriously, people are careful and very quiet when it comes to their fiat wealth, but they have no problems sharing with the outside world how much they made with crypto in the last years. I don't even talk about my own Bitcoin holdings, and that while I am by far not wealthy. If I speak with people about Bitcoin, I either say I have just experimented with a few hundred bucks, or just say I missed the boat, but that I am interested in the technology behind it. With crypto gaining value, people more than ever become a target, and this once again shows that you should keep your mouth shut, and especially so on internet....

[darkangel11]

I can't believe he was acting like this smart investor and then made so many mistakes and allowed himself to be robbed that easily.

He said that the robbers, most of whom wore New Year’s masks, hit him in the eye with a pistol before tying him up, according to NTV. The robbers then tied up a friend of his on the second floor and took a safe containing the equivalent of 24 million rubles and important documents, as well as a computer he used for trading bitcoin.

So it was only 400k USD. Not that much for a guy who claimed to be so wealthy. On the other hand he had so much cash but did not buy a proper safe. Safes are design to hold a certain amount of money and those designed for sums above $100k are usually pretty solid. A safe like that will weigh 400-800 KG depending on its size and will be bolted down to the floor from the inside. The only way you can run with it is if you chain it to a truck and rip out along with the floor and through the wall.
He probably had one of those small 20kg safes you mount in a closet or below the desk that's designed to hold up to $50k and put 8 times the money inside. Anyway, those things also can and should be bolted down.

The robbers destroyed all of Nyashin’s home appliances and computers before leaving in a Mercedes.

Must have been his youtube subscribers.

It is uncertain how the robbers learned Nyashin’s home address, although he did show his apartment in one of his videos. He does not know if the robbers have figured out how to get into his blogger’s account or to access his cryptocurrency.

Then maybe it's time to log into exchanges and move the money to a new address. It's possible they will find a way to hack into those accounts from his computer.
Also it's about time to use the backups and restore the wallets before they do. A smart trader like that would have the backups somewhere, wouldn't he? 

[hatshepsut93]

So it was only 400k USD. Not that much for a guy who claimed to be so wealthy. On the other hand he had so much cash but did not buy a proper safe. Safes are design to hold a certain amount of money and those designed for sums above $100k are usually pretty solid. A safe like that will weigh 400-800 KG depending on its size and will be bolted down to the floor from the inside. The only way you can run with it is if you chain it to a truck and rip out along with the floor and through the wall.
He probably had one of those small 20kg safes you mount in a closet or below the desk that's designed to hold up to $50k and put 8 times the money inside. Anyway, those things also can and should be bolted down.

Safes are supposed to prevent robberies while you are away, but they aren't working in scenario like the one described in this article - attackers could just torture the victim(s) to force them open the safe. Same goes for any encryption, hardware wallets, etc. People who store big amounts of value should properly secure their homes with armored doors, windows, security alarms, etc. A lot of people usually advice to just stay low and don't boast about your wealth, but security by obscurity is very unreliable, and there's a lot of ways your private financial information can leak to bad guys.

[darkangel11]

Safes are supposed to prevent robberies while you are away, but they aren't working in scenario like the one described in this article - attackers could just torture the victim(s) to force them open the safe. Same goes for any encryption, hardware wallets, etc. People who store big amounts of value should properly secure their homes with armored doors, windows, security alarms, etc. A lot of people usually advice to just stay low and don't boast about your wealth, but security by obscurity is very unreliable, and there's a lot of ways your private financial information can leak to bad guys.

What you're saying is true, but they didn't force him to give it away, even though they could as it would make it easier for them. They took the whole thing instead, so it had to be a small and light safe. As for tortures, this is the main reason why electronic locks with a delay mechanism were made. He can give them the code and they will still have to sit and wait, or start drilling If you're holding money at home it's wise to invest 1% in security. That's really an extreme minimum. In his case that would be 4k USD which would buy him a decent wall or floor mounted safe that can be  hidden and is impossible to steal without hammering the wall for an hour. It would also buy him a basic security system with a panic button. IMO he was greedy and careless. Spending that 1% could keep him safe and if he chose to spend 5% he would have an advanced system with automatic door locks, sensors that detect breaking glass, auto dialing, cameras and more.

[buwaytress]

It's stupid that people even feel the need to show off. Seriously, people are careful and very quiet when it comes to their fiat wealth, but they have no problems sharing with the outside world how much they made with crypto in the last years. I don't even talk about my own Bitcoin holdings, and that while I am by far not wealthy. If I speak with people about Bitcoin, I either say I have just experimented with a few hundred bucks, or just say I missed the boat, but that I am interested in the technology behind it. With crypto gaining value, people more than ever become a target, and this once again shows that you should keep your mouth shut, and especially so on internet....

I guess this really is the type of people that are getting wealthy from Bitcoin, isn't it? I'm not a veteran by any means but I'm already seeing some of my contacts who've only been "trading" in months boasting that they made the best decision to put all their savings into crypto and actually making fun of others for only earning single digit interest on government bonds, posting screenshots of their Luno accounts. It's as if they're begging to be hacked. Really makes for the fool and his money that are soon parted.

I don't mind sharing at all if people are really interested, but yeah, never about how much. Just how I earn and how I diversify. Only my partner knows about my wallets and access.

[orions.belt19]

This stuff is getting serious now , people should be careful and think twice before showing off their wealth in social media . Its easy to find out someones details and target his/her like in this case .

It's stupid that people even feel the need to show off. Seriously, people are careful and very quiet when it comes to their fiat wealth, but they have no problems sharing with the outside world how much they made with crypto in the last years. I don't even talk about my own Bitcoin holdings, and that while I am by far not wealthy. If I speak with people about Bitcoin, I either say I have just experimented with a few hundred bucks, or just say I missed the boat, but that I am interested in the technology behind it. With crypto gaining value, people more than ever become a target, and this once again shows that you should keep your mouth shut, and especially so on internet....

There are also idiots who boast their fiat wealth and likewise fall victim of getting robbed because of this. There's really no need to boast all over social media - there's no benefit in that except for feeding your own ego.

Those robbers must have been smart to know of the value of bitcoin and were able to find out the victim's address. This is why we need to be careful and to always keep our private information. Other than that, we should keep our savings and wealth in a safe place. Cryptoholdings should be kept in a secure and safe wallet so that robbers may not gain access to it. His house must have had poor security as well since robbers were able to get in. It's ironic that he is able to spend on luxury items but not for his own security such as security alarms.

[Maestro75]

Now those who love Satoshi Nakamoto but ignorantly ask for him to reveal himself will have a rethink after reading this story. By estimation, Satoshi (Not Bill Gates) should be the richest man in the world judging by how great his bitcoin is doing and the several units he should be hodling. But hiding his identity is the best decision for his safety and wealth because his wealth is within a click away if it gets into wrong hands.

[Jating]

This stuff is getting serious now , people should be careful and think twice before showing off their wealth in social media . Its easy to find out someones details and target his/her like in this case .

I have to agree with you. Last week there was a reported robbery as well, wherein they took shitloads of bitcoin from someone who owns a trading platform if I'm not mistaken.

Here is my take. You may be rich because of crypto, but you don't have to boast and tell the whole world how much money you got. Not only in crypto but in a fiat ecosystem as well. Because you can be a target, can want happened to this blogger. Besides, crypto has no name in it just address so if you self admitted that you are a crypto millionaire sooner or later those thugs are going to catch you. Idiot and dumb moved that cause him huge amount of money.

[pixie85]

He was so careless it makes me cringe. You keep hundreds of thousands in cash at your home, probably even more than that in cryptocurrency, telling everyone in the world about it and don't even buy a proper alarm or hire one of the many security companies. That's stupid.
Banks were made for people like him. If you want to keep money at home at least buy an alarm.

[gentlemand]

What type of tit gets their kicks out of telling the public about one's wealth? Did he expect the entire world to think it's lovely and nothing else? People get slaughtered for their mobile phones these days.

I get the feeling other people like this will deeply, deeply regret letting the world know who they are in future. Even if you divest yourself of all of it, that's not going to stop some dimwit refusing to believe you and shoving a rotorvator up your arse.

[Stegobit]

Conclusion is obvious - never tell anyone about your crypto holdings!

[Olalomi]

Conclusion is obvious - never tell anyone about your crypto holdings!

I agreed with you I  believed one of the best features of bitcoin is it's anonymity and decentralized nature I don't why this guy is flaunting his bitcoin defying one of the reasons of creating bitcoin by  satoshi nakamoto, well he had caused the treatment meted to him by the robbers.

[Dany44]

One more Russian was arrested in Bangkok, possessed 100,000 BTC at the time of his arrest.
Somebody robs, Somebody gets robbed..

[Fredyink]

This is the reality. Everyone should take care and be safe. With fast large income you probably need to move to another city, which is bad, bad one measure to be safe.
We will hear more of bad news relating to robberies.

[whitecaramel1]

it has been so bad, I am sorry.I wish he was more careful.it's a great risk to tell him personal informations on internet.we must be careful.

[RodeoX]

In America we just run to the closet when there is this kind of danger.

P.S. This is what a closet looks like here:

[stompix]

Bitcoin blogger and crypto trade adviser.....holds 400k in fiat (and in russian fiat)
Does not compute......abandoning hope!!!

Also for those guys that wonder why are teens doing things like that, in Russia there is an actual trend, boasting about money and more interestingly, boasting about money you don't have.
I've run across some services that for 250$ will let you take about 50 pictures in a private jet, 2 cars or something like that of your choice and even a video, all to post on your social media profile!!!!




 

[FirEaSeA]

Crpyto or even fiat, it's is still very dangerous disclosing your assets especially on social media.