Bitcoin Trader Brutally Tortured

[jojohamasa]

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

To declare that you own an amount of crypto
It's like carrying this money in a bag and bragging btween people everywhere you go.

No sane person can do that.!!!
We have to be careful, it may go beyond losing money to loss of spirit.

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[kawetsriyanto]

~snip~ How could the criminal know his a trader and identity, location? Could this be an inside job?

It is a hard question to answer, friend. There are many possibilities that criminals can do. They may know the victim's Bitcoin amount from his Bitcoin address, or the victim ever said his asset to other people. Let the police reveals the truth, but we must take a lesson from this case. Be careful to manage our asset and never share the information to others.  

[fillippone]

I can’t believe nobody brought this always relevant XKCD comic up in 4 pages of thread:



Meaning is no matter how secure your private keys management system is,play it safe, downplay your involvement in crypto, preserve your privacy at all costs, don’t do stupid things like wearing bitcoin shirts or badges: a 5 $ wrench might be waiting for you next time.

[livingfree]

I've read same case before and to be exact it was this; 'Britain's first Bitcoin heist as trader forced at gunpoint to transfer cyber currency'

You shouldn't let others know that you are into bitcoin, remain lowkey. You don't have to boast on how much you've got or as much as possible just don't let others that you are into bitcoin.

[TimeTeller]

I've read same case before and to be exact it was this; 'Britain's first Bitcoin heist as trader forced at gunpoint to transfer cyber currency'

You shouldn't let others know that you are into bitcoin, remain lowkey. You don't have to boast on how much you've got or as much as possible just don't let others that you are into bitcoin.

That should be the way of living, remain lowkey.
No need to boast on anyone. And sometimes social media channels have large role on how they learn about you.
You don't know someone is already following your movements and updates via your fb, twitter, name it...
Be discreet with your life if you want to avoid being the target of these criminals.

[gentlemand]

There was a Brit who was robbed for BTC but his company name was something like 'bitcoin trading ltd' and it had his home address attached to the company registration. That's not too clever.

I wonder how public this guy was.

[shesheboy]

This is the exact reason why I really dislike buying those bitcoin stickers and shirts. The last thing I want is to be tortured for me to give the criminals my private keys. Wearing bitcoin or cryptocurrency-related paraphernalia is pretty much like a huge "rob me" sign and is a huge unnecessary risk a person is taking.

no meyt wearing crypto shirts and other accesories does not mean that you are presenting yourself to criminals/robbers   .  didnt you see that other rich people also wear's expensive brands  ? but they are rarely got robbed   . its only up to the person if how he secure himself  .  in my case i always wanted to wear crypto apparels but i cant find anything on our place    . i dont scared to get robbed because i dont carry all of my cash whenever i go outside .

[mapanlah]

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

wherever trade is really cruel, always using a variety of ways to get profits, then for bitcoin traders not to enter trade if they are not ready to lose, do thorough preparations because trade has no tolerance. So fight ... and get a victory.

[steampunkz]

I can’t believe nobody brought this always relevant XKCD comic up in 4 pages of thread:



Meaning is no matter how secure your private keys management system is,play it safe, downplay your involvement in crypto, preserve your privacy at all costs, don’t do stupid things like wearing bitcoin shirts or badges: a 5 $ wrench might be waiting for you next time.

Good meme there mate, its not even a wrench the suspects used but they used drill to torture the victim just to get victims bitcoins and cryto assets, how painful is that? its like you are in the movie "saw"
For those who have big  or just normal crypto assets, just get cautious and be discreet.

[maydna]

We never know how the criminals know that the victim has a bitcoin and he is a trader because in that article is not saying the details.

There are too many possibilities including the criminals are a friend of the victims, so the criminals know what his job, where he lived, and perhaps they know how much bitcoin he had.

I never reveal my identity as a trader to anyone in here including my family, but I only tell them that I work by online. My family knows that I have bitcoin, but they don't tell other people.

Actually, we can prevent something bad happens to us like that story. We don't have to tell other people the details of our lives and only say that we are a person who searches for money from the internet, don't use bitcoin to pay in offline if you are afraid to become the next target, never tells that you have tons of crypto in your home. But if somebody asks you when you teach them about crypto, you can say that you don't have many coins and you still trying to collecting the coins from faucet

I think it's more safety for you because I guess people will underestimate you and they don't think that you are a millionaire behind your shirt. Don't look to be glamour because you can be the next target.

[romero121]

Robbery, hacks, stealing, cheating everything is there on the human minds. To stay safer on the cryptocurrency network it is our responsibility to keep ourselves anonymous. Though people aren't aware of bitcoin, people know about its value which is the reason for these kind of robbery. From my view it is good, not to show any signals that you're a bitcoin user or trader.

[pooya87]

if you remove the "bitcoin" part of the news you can see that incidents like this has been happening for a very long time. basically whenever you publicly announce that you are holding valuables at home without any precautions or security you are technically sending an invitation to all the thieves in the world to come and attack you.
there is also always more to these stories than what you read on the news sites.

[loopes]

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

Maybe the criminal stole KYC data from the exchange. I am so sad to hear that. This is show how important is the anonimity. I suggest anyone to use coin blender such as bitblender to get complete anonimity, safe a huge amount of bitcoin in exchanges site is very risky, it will be better if we always send our profit to our main wallet via bitblender.

[PlusOne88]

Is this the first kind of such crime? This news could have opened everyone's eyes on looking at how cryptocurrency really have made an impact on the people as of today. Yet this one isn't that good as an example since this would create some minor problems about holding cryptocurrencies. Though I don't think people will really have to fear about this incident but such actions could serve as a reference for some other crimes about to occur if those people are not caught and dealt with accordingly.

[TheCoinGrabber]

Assuming he don't have a "I have BTC, rob me" sign over his head, do you think this is an inside job involving someone working in the exchange? Do we even have protection against those? I believe with banks they can track which employee has accessed a client's records.

This is the risk of using an exchange. They know who you are. You can send the profits earned to various adddresses but they'd still know how much you were making.

Why such hype by a normal robbery?

I think this got more to do with people assuming that those dealing in bitcoins tend to be more discrete about their finances plus the possibility that this is an inside job.

[markdario112616]

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.

I'd agree to some point. Though, here in the Philippines even though the Bitcoin is legally accepted. Having a gun with or without permit will still cause issues, Legally. Well as many of people would know that the system of the Philippines is quite corrupted. They can overturn everything here, in example; same case to this one, Intruders dressed up as a Police, (Our police is somehow (can be linked) to those crime that had happen) assaulted you, These people can easily manipulate things, especially if these people are quite powerful. Well, bottomline, I'd rather be prepared than to be sorry.


This case, might be an inside job or something. These people knew what could be the worth of the Victim, and there's a big probability that the Victim knew his attackers. Moreover, This is not the first case that a crypto investor/enthusiasts was attacked or got robbed. I'd only advise that just be more vigilant, and don't overthrow your knowledge about it, to the point that you'll include how much is the worth that you have.

[oceantiger]

This is unfortunate and must be an insider's job.  It is about time that some update will be done in the blockchain so that any stolen fund can be returned to its original wallet once a petition is raised by the person whose wallet is compromised. This will help to reduce this incident of wallet hacking.

[Msworld83]

This is an insider thing which he must have loose guard by telling someone how much he worth in crypto which lead to the brutal abuse and selling of his funds , this will be a lesson to all in crypto not to disclose any info regard their crypto worth to any one as to play save or even don't let anyone know what he is doing as no one know who might be washing to get you by all mix, play save as crypto is decentralized and can only be sweet if you keep every info to yourself.

[izanagi narukami]

Personally crypto already provide very secure login to prevent any hacker to access people's account.
So for what can I see, there are highly chance that inside man involve , second the private key being stole through phising site.

Sometimes, I was wondering that something already secure still can be hack...

[egyptian magician]

I can’t believe nobody brought this always relevant XKCD comic up in 4 pages of thread:



Meaning is no matter how secure your private keys management system is,play it safe, downplay your involvement in crypto, preserve your privacy at all costs, don’t do stupid things like wearing bitcoin shirts or badges: a 5 $ wrench might be waiting for you next time.

LOL. I like it. Some crypto people really are funny. I mean, I totally agree that we do need to take security seriously. But I think far more often, people end up locking THEMSELVES out of their funds rather than thwarting these mastermind three letter agency level subversive attacks on their personal bitcoin stashes that they seem to envision in their paranoid fantasies. Any security professional can tell you that people are the weakest links in any security protocol. And that can include ourselves!

I don't think this was an "inside job". Sure, it's possible. Anything is. But it's much more likely IMO that several people simply knew that he was big in crypto trading and that he kept a large stash at home. Like I said earlier in this thread, people like drug dealers are victims to these type of robberies all the time. If people know you keep a large sum of cash (or digital cash) at home, you can potentially be a victim. So it's best for people to use common sense, keep their coins safe on a hardware wallet (but don't make it so complex that you forget how to access it) and more or less keep quiet about it!