Bitcoin Trader Brutally Tortured

[proTECH77]

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

Perhaps some cryptocurrency exchange platform with a KYC policy hot hacked and the criminals gathered information about the real identity of crypto traders in Netherlands.I don't beleive that this guy is going to brag here and there that he is a crypto trader.Awful news,anyway...

Agreed with you comrade; that's why i hate KYC, better for me to stop whatsoever campaign that request for my personal data than foolishly submitting the data. Solely believe that they might have gotten the right information about the victim before they act as such. Let's be careful about our watery mouth before our enemies(friends).

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[pawanjain]

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

It is not so easy to find the identity and locality of a person through a bitcoin address. I wonder how the criminals would have got the exact location of the crypto trader. I guess that the crypto trader would have done KYC in some airdrop/ICO/website through which the criminals would have got to know the locality of the person. Another possibility is that the KYC of the person would have been shared on the dark web from where the criminals would have got his locality. We all know that there have been so many ICO scams and airdrops of shitcoins which asked for KYC details from the investors. The possibility of the crypto trader investing in such schemes would have lead to this incident. This is the reason why many people opt out when it comes to submitting KYC for crypto purpose. Also, it is better if we don't publicly announce that we hold cryptocurrencies since this would be like an open invitation for hackers and criminals.

[erickkyut]

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

Oh My God! Shame on those criminals! They did the torture in front of an innocent. I hope that karma will get back to them 1o fold! This news can be n eye opener to use not to divulge or boast that we have cryptocurrency because it can attract those heartless criminals. I'm praying that the daughter will soon recover from this.

[Broly46]

I can't believe that, people are willing to die for bitcoin, this is madness!!

[teilwalL05]

That is why I keep my animosity in tack and will not let anybody know my true identity and I really think this is for the safety of most people in the community to keep his identity sacred, to anyone and let your friends or anybody know that you are trading, earning, And even gambling for bitcoin and other cryptocurrency, It will be limited only to your family and the most trusted loved ones, This kind of news is simply very alarming and when the price of bitcoin would increase again then there can be another threat to people even your loved ones that you are into Cryptocurrency.

[Baofeng]

I don't want to be in this situation, this is scary not just for me but for my family. They could have been traumatized by this incident. And this is not the first time though, so everyone just be careful and hope that this won't happen to us. I do hope that they will caught these guys and put behind bars for good.

[blueteam09]

I think he told a lot of people that he is Trader and this has caused him big trouble. Or he has revealed his information online, and this has helped criminals get detailed information about him before they plan to attack him.

[gabmen]

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

Probably an inside job. Or the person may have been bragging about his portfolio. Its a sad news especially since the crime was made in front of his children. I guess there's still a lesson to be picked up from this, that we should be extra careful about who we trust with important information. Hope the family gets justice.

[nutildah]

Can I ask what all the people commenting here about it being an "inside job" mean when they say that? The guy tortured himself? Also, the story says they didn't actually get anything from him so it was a pretty crappy attempt at a robbery, whether inside job or not.

[Haunebu]

I can't believe that, people are willing to die for bitcoin, this is madness!!

Seriously? Bitcoin is basically a form of money and many(I mean many) people can do anything for money.

The biggest advantage that Bitcoin and the cryptocurrency market provides is the ability to stay anonymous while conducting financial transactions, but there is no point if you give up your anonymity through KYC etc at the end of the day.

[worle1bm]

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

Thats really bad and they might have got information from his known ones from close freind who have all the knowledge about his trading or victim might have himself disclose his indentity by some means like showing him crypto trader.Thats why i don't like my identity to be disclosed and getting tortured and losing my private keys. Be safe mates.

[mk4]

This guy was probably involved in some shadyt dealings and got what was coming to him.

Quite an out-of-nowhere assumption there. Not every victims has to be someone shady. We're talking about private keys here; he was most likely tortured to hand over the funds on his exchange account or his private keys.

[munify]

This is a sadistic story, maybe it's really an insider and can be from a close friend, so they can find out the identity and number of ownership of bitcoin from the victim.

[Becky666]

I can't believe that, people are willing to die for bitcoin, this is madness!!

It's really madness, remember that without money no life will survive on this planet earth, so, men are ready to kill or die just to have the money, money they said "is the roots of all evil" and the power of survivals. to what extent humans can go to acquire money is unspeakable, Bitcoin is money.

[Becky666]

This is a sadistic story, maybe it's really an insider and can be from a close friend, so they can find out the identity and number of ownership of bitcoin from the victim.

We shouldn't be ignorant of the functionality of KYC; the victim may coincidentally had filled his/her personal data information on an exchange or for Bounty campaign which through means the hacked was done and the entire information submitted on the exchange stolen and been used against the victim. Let's be careful on how we submit our personal data online all in the name to claim just some shitcoins.

[enhu]

Looks like I have been inviting robbers too as I have been wearing bitcoin king shirt for sometime in the school of my kid. What is more worrisome is that I don't have much BTC myself to give to my robbers. If a bitcoiner have luxurious car then he also invites robbers, its an advantageous for robbers to only victimize cryptousers as the coins are hard to take back.

[omone1]

Well, I can't tell for sure how he was traced and tracked. The continues problem of having to compulsorily undergo KYC in exchanges and some ICO can't be completely ruled out. Another possible conspiracy theorem are his friends or acquaintance. This is a terrible case of having your Private key with you, which is inevitable.   

[Kopyleft]

The robbers probably got the user's identity from some company or someone who has information.

There are many ways the suspects could have had an idea that the victim held bitcoins or some sort of cryptocurrency.
I am also not a fan of centralized exchanges, but It is really unlikely that an exchange had released personal information of account holders.

[dothebeats]

No matter how secure your passwords might be, if you are dumb enough to tell everyone that you're a bitcoin trader and holds a lot of coins, a pipe and anything blunt will be enough to crack that password open. For some reason, I'm inclined to think that the trader is living his life as an influencer of some sort, leading to this brutal action done by the suspects. Or it could be that some rogue employee on the platform he's trading on has gone mad and traced one of the rich clients in order to get something 'directly' from him. Well in any case, KYC data should be kept safe, somewhere secure and only a handful of personnel given access to, if not, more and more things like this will happen in the future. And for users, please embrace privacy as it will be the only thing keeping you from being clubbed and tortured like this guy had.

[angel55]

Coinbase just got caught selling their customers' data and other exchanges are doing the same.  If you ever signed up for a crypto exchange your info is out there somewhere and believe me, it is not safe.  I'm sorry to hear about this guys losses but he was probably already very wealthy and could withstand the hit.