Bitcoin Trader Brutally Tortured

[Siren]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

This is the same reason why i am always against sending KYC in not so important matters here in crypto,specially when joining bounties because of the risk like this,earning small amount weekly (and sometimes a chance of being scammed)but obliged to give our identities

Hope this will serve as examples for those bounty hunters and investors as well to keep the security always and never just trust anyone for our identity

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[tramadols]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

even I don't think there is a conspiracy that shares the merchant's personal data, except for the person who really knows that he is a crypto trader who has many assets.
and there is no exchange that distributes user data especially to commit violence to take over the asset.
so I think this case is a different case involving people around him

[jademaxsuy]

This is a rare case, probably the robber knows about this guy and how he the victim earn and had that huge bitcoin. Since, bitcoin is difficult to trace because of its anonymity then tracing the suspect using block chain technology during the transfer may be difficult. There other coins also that could be use to convert bitcoin and then encash them or transfer funds to an exchange that do not do KYC and then withdraw them.

This is a police matter so we will just hope that the case would be resolve immediately and justice will be serve.

[Fredomago]

This is a rare case, probably the robber knows about this guy and how he the victim earn and had that huge bitcoin. Since, bitcoin is difficult to trace because of its anonymity then tracing the suspect using block chain technology during the transfer may be difficult. There other coins also that could be use to convert bitcoin and then encash them or transfer funds to an exchange that do not do KYC and then withdraw them.

This is a police matter so we will just hope that the case would be resolve immediately and justice will be serve.

It should be solved by local authorities as the crime committed, but it's also an indirect awareness for people who's involved around crypto to make
some extra precautions, bitcoin or crypto currencies have a fiat value knowing that you have lots of it will endangered your life.

[bhabygrim]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

Well that is a good question how could the criminals know that he is a trader?
Maybe through social media we could see some traders posting some of their profit or being proud that they are trader or online earners.
Could this be an inside job?
How could this be an inside job we know that there are plenty of trading site out there and how could they do it only in one trader?
And if this is an inside job don't you think that they would go after to the whales ?
I don't really think that this would be an inside job maybe just a coincident .

[Johnzky]

And this now got me worried its adviceable not to tell anyone how much cryptocurrency you have or hold presently who knows? You might be a target, let's be more extra careful

But this can be inside job as well since theres a chance that KYC has being used to trace us from some exchange or gambling sites as well


You are correct that we must take precautionary measure to prevent this kind of brutal criminality interference our life and our crypto activities

[Noa_Amable]

You are correct that we must take precautionary measure to prevent this kind of brutal criminality interference our life and our crypto activities
[/quote]

absolutely right. just as in many other spheres of life

[lyks15]

I think bitcoin trader known the suspect because if not,how did the suspect know that he owns and holds a lot of coin if he did not known or close person who do that to him? Now this is the lesson to all of us. In terms in privacy and security we need to be carefull and make it private for your own safety.

[blueteam09]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

When you can't steal or steal Altcoin from anyone, how do you do it? Simply kidnap the person and torture them, forcing them to say that the private key has access to all the Altcoin they have. As this market grows and Altcoins have higher and higher prices, it will make the same attacks more and more.

[goaldigger]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

We all know that cryptocurrency world is anonymous and there is no way that the suspect knows that the victim has a cryptocurrency account not unless he tells them about it or post it on social media. Since he was tortured, I assume that the criminals know the victim because of posting his personal life in public. He maybe tells that he had a huge money in there also for the suspect who force and torture him.

[pushups44]

No matter how secure is your wallet. If someone knows that you own some big amount of money then you won't be so resilient to physical violence. If some of you will get big amount of BTC then don't be greedy / stupid and use a good bitcoin mixer.

My advice for Americans and those where it's legal to do so is to arm yourself and always have your gun handy in case violent intruders enter your property. In Europe, perhaps there are other safeguards. What happened in the Netherlands is a great example of why gun ownership should be allowed among the general public.

Even a gun won't be that useful when someone performs a planned attack when you are not expecting it.

I'd say it's pretty damn risky to go after someone who ALWAYS carries, and has his gun right by him in his sleep, but OK. It's not a smart thing to rob in some states, in my humble view. But whatever floats the boats of idiots out there.

[Syakbrown]

oh no, this is terrible. I suggest to all of us that if you get a lot of profit in your trade. you should not show it on social media or even your friends. except close friends. because this is very dangerous. the crime happened because of an opportunity. beware and stay humble even though you get a lot of profits.

[Vishnu.Reang]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

Nowadays, the governments all around the world give very little respect for individual privacy. In many of the jurisdictions, Bitcoin traders are required to give details about their wallet balance and their weekly or monthly turnover. But the cops are claiming that in this case none of the crypto was stolen from the victim. So I guess the criminals were not that accustomed with crypto?

[Wasimalik]

Oh, sad to know this. I think that should be the case of pre-planned everything and nice set-up of time to steal what they have stolen. I hope concerned departments will do the rest to get everything for the affected family.

[rodel caling]

Sad and terrible news I think that an inside job maybe the information came from the family members, relatives, or even close frinds.
We should knows somtimes even the trusted people they can traitor because of self interest so we need to double care our investment. One to two person are enough to know the secret.

[xWolfx]

Of course this is a lesson for us that not everyone likes what we have, even some are jealous, so they make the decision to rob or force us to release our bitcoin.
The Bitcoin that we have is anonymous, so the factor is we show or boast as bitcoin owners so that bad people target the bitcoin we have. So it's better to keep quiet because it makes us safe.

Oh yeah for sure, this is really important. Not everybody is a good person in this world, at all.

If you want to be relaxed, then you could hire bodyguards of course. Otherwise then it's better to take some security measurements. I personally believe that the first option is better if you have a big amount.

Why? Because preying eyes will eventually target you.

[Sultanar484]

And this now got me worried its adviceable not to tell anyone how much cryptocurrency you have or hold presently who knows? You might be a target, let's be more extra careful

You have wisely said a vital point to us that we don't need to disclose of how much cryptocurrency we are holding in our wallets. It can help the criminals to detect that persons details.

[Malsetid]

And this now got me worried its adviceable not to tell anyone how much cryptocurrency you have or hold presently who knows? You might be a target, let's be more extra careful

You have wisely said a vital point to us that we don't need to disclose of how much cryptocurrency we are holding in our wallets. It can help the criminals to detect that persons details.

Unless the criminals have access to kyc details you provided to an exchange. I've read this kind of story probably two times now and it's alarming. You're both right that basic precaution should include never bragging or disclosing how much btc or crypto you own. It'll do more harm than good unless you tell to an extremely trusted family member or loved one.

[btc78]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

This is another sad story for our co cryptonians,i really hate seeing something like this because all we know that we are safe being a cryptocurrency users but why is this happening?stealing our virtual money?it is OK if those are hackers because only needs technology but why is that physically taken from yiu by force?this is more than enough to be agraid for our life

[Pab]

A crypto trader from the Netherlands had been brutally tortured in front of his 4-year-old daughter, by 3 suspects disguised as police.  The investigator suspected that the criminals stole some private keys, passwords that transferred the victim's fund to the suspect's wallet. How could the criminal know his a trader and identity, location? Could this be an inside job?

More information here:

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-robbery-torture-cryptocurrency-netherlands-a8807986.html

Be carious.There was and there is bank robbery we are our own banks
Good VPN and better not talk much about how much bitcoin we have