Bitcoin Trader Brutally Tortured

[kurian]

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.

This is serious and because of these malpractices whole crypto gets a bad mark. But, I don't think this is the case in this incident. The trader must have boast his trading skills and profit online. The robbers might be relatives/ friends or hired help by them who know about his virtual assets. No one can be trusted these days. That is why even Satoshi Nakamoto hasn't revealed his identity yet. 

[Broly46]

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.

Bitcoin, tokens, shitcoin, mining rigs, I think they can go very low. And survival, I think the preppers are going too far, they completely mess up everyone's minds, and I didn't blame them for the idea, I would blame the believer just like they believe the religion.

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.

Remember bitcoin was only a few years old, and it must be a huge milestone for bitcoin to become a money to die for, looking back at old day, bitcoin barely worth a pizza, let alone die for a pizza would make more sense. And it's not easy to stay anon for long, when everything fly through the moon, all the hodlers making new live streams every damn hour, trying hard to reveal themselve.

[Bitcoin-Turkiye]

My country has a bitcoin stock exchange called BTCTURK. Recently, fake e-mails were sent to users of this BTCTURK.. their purpose was to steal people's bitcoins. Well, hackers. How did btcturk find their e-mail addresses?  i think, this has been an answer to the question you ask.

[Zadicar]

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.

Exactly.

Just like on my situation where i do put some Bitcoin sign into my own motorcycle and lately i realized about the possibility on being robbed because you do let
yourself become attractive to criminals since they do know that you are engage with crypto and would really have the money to ransom on or to pay up when they try to harass you.

[Kimi80]

Doesn`t need to be an inside job. Maybe trader was sharing his trading success with the person that he didn`t suppose to. Or was discussing about it with his friends in some public place while this criminals were near by and listening. Finding was easy then, they probably just tracked him.

[PuertoLibre]

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

Sometimes youtube trading stars show their balance figures while talking about their strategy on social media. Cryptocurrencies are easy to lose trace by robbers and they usually convert the stolen bitcoins to anonymous coins for bypassing the required documents for KYC.-

[egyptian magician]

It's best not to discuss bitcoin with ANYONE. Even family. And that's not because I'm saying you can't trust them personally, but they might talk to their friends or coworkers about how their son or their nephew just made a fortune in bitcoin. It might get the wrong kind of people thinking.

And it's one of the issues that gives me pause for thought about a future world where everyone is "their own bank". Will we all need to live in fear of thugs breaking into our homes and demanding our hardware wallets and PIN codes?

[mrdeposit]

It's best not to discuss bitcoin with ANYONE. Even family. And that's not because I'm saying you can't trust them personally, but they might talk to their friends or coworkers about how their son or their nephew just made a fortune in bitcoin. It might get the wrong kind of people thinking.

And it's one of the issues that gives me pause for thought about a future world where everyone is "their own bank". Will we all need to live in fear of thugs breaking into our homes and demanding our hardware wallets and PIN codes?

Does it sound similar to the idea "never believe to anyone even to your wife"? I don't agree with your opinion, talking about your bitcoins in public places is not a good idea but talking to your family about crypto is a requirement for managing cash flow to the family's budget. I talk about bitcoins and blockchains in public places but I never answer any question about my crypto holdings.

[adzino]

It definitely is an inside job. How would someone even know that the person (who got tortured) is holding bitcoin and has the private keys to his wallet? He probably told someone about it (his friends or co workers) and the words started to spread out until it reached the ears of the wrong person who has ill intentions. What a sad story I would say. I hope the police catches those culprits.

[BitBustah]

It's best not to discuss bitcoin with ANYONE. Even family. And that's not because I'm saying you can't trust them personally, but they might talk to their friends or coworkers about how their son or their nephew just made a fortune in bitcoin. It might get the wrong kind of people thinking.

And it's one of the issues that gives me pause for thought about a future world where everyone is "their own bank". Will we all need to live in fear of thugs breaking into our homes and demanding our hardware wallets and PIN codes?

This is terrible advice, what if you die all of a sudden.  Now your coins are forever lost as your family has no way to access them.

People store valuable items in their houses and the majority of people don't fall victim to home invasion.  There is no reason to live in fear because a few robberies make the news.

[egyptian magician]

It's best not to discuss bitcoin with ANYONE. Even family. And that's not because I'm saying you can't trust them personally, but they might talk to their friends or coworkers about how their son or their nephew just made a fortune in bitcoin. It might get the wrong kind of people thinking.

And it's one of the issues that gives me pause for thought about a future world where everyone is "their own bank". Will we all need to live in fear of thugs breaking into our homes and demanding our hardware wallets and PIN codes?

This is terrible advice, what if you die all of a sudden.  Now your coins are forever lost as your family has no way to access them.

People store valuable items in their houses and the majority of people don't fall victim to home invasion.  There is no reason to live in fear because a few robberies make the news.

Well, I would revise that slightly to perhaps permit knowledge with a significant other, or in the absence of that, another family member you can trust well. But make sure that they're smart about it and that they're not spreading information to other people. Yes, maybe that sounds too cautious. But we all need to be careful with our safety. And I say that because bitcoin is essentially digital cash. It is well known to law enforcement that people who keep large sums of cash at home are common targets of theft. For instance, people who sell drugs or run home casinos put themselves at high risk. Also people who recently won a state lottery.

I think crimes like this against BTC owners will increase in the coming years, unfortunately. Be safe.

[kodtycoon]

my guess is that this incident must have been intervened by a known person very cruel concluding that the incident could have been from an outside person or an original criminal but he knew from a colleague or neighbor of the victim, supposedly as a trader or businessman must hide his identity and be aware of criminals who lurk. allegedly the incident surely have been planned by criminals

[omonuyak]

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 a clear inside jobs and I really feel for him.  And that is why it is good we should keep our earning secret as people may become jealous and try to attack you as it happens to this trader.

[Sarastiche]

It is obvious there is an insider involve in the deal, who must have known the value of BTC  he has and he was trail, also there is a possibility of them to locate him through the Location tracker  mechanism from his phone or laptop, it is important to ensure we secure ourselves in order to play safe

[Danslip]

Looks like an inside job. I never reveal my secret assets on public forums but this guy go so far. Similar accidents happened in Russia and suspect took the copy of private keys with force. They mainly use the gun and there is a small chance to escape from the house. Unfortunately, it happens.

[cherryganda]

Never let anyone know your wallet address as they can look at it on what it has or how much.
it is better to shut up and do the trading silently.
In cryptocurrency, never trust anyone.

[Slow death]

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

in the real world when someone goes to the street and shouts, "I have a lot of money or I have money" so this person is attracting thieves, in the crypto world people boast with high amounts of bitcoins they own and forget that bitcoin is something that serves to buy goods and services and be a good investment, of course this will attract thieves

it is better to shut up and do the trading silently.

I agree

[mich]

Plan and simple this is awfully disgusting and not the first time I have heard of such filth.
This one sticks out in particular-

Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report
https://www.ccn.com/kidnapped-south-african-tycoon-released-for-50-bitcoins-ransom-report

[creeps]

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.

He must be very open to his friends about his bitcoin holding and its too bad for him. I also don’t want to use any sign of cryptocurrency appear on me because I believe being anonymous will keep you in safe. Well, they are proud to use bitcoin but hackers are just watching you and looking for some good time to get your keys. This must be an eye opener for those who are keep on posting about their bitcoins on social sites.

[pixie85]

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.

What should we do then? Never go to any bitcoin meetings and conferences? Avoid trading on localbitcoins or any other OTC markets because they can see us and follow us home? If a restaurant nearby opens bitcoin payments we should never do it because somebody will see us scanning a qr code and follow us home to torture the shit out of us.

LOL