Robbery that attacks Bitcoin Holders

[Finestream]

It looks like a fake robbery claiming if they were a policeman.

Just because someone wears a police uniform doesn't mean that he is policeman, and just because someone is policeman doesn't mean that he won't rob you. Just the other day a big group of scammers was arrested in Croatia that pretended to be police in order to trick elderly that were their main targets.

When it comes to money matters, you cannot expect to trust someone as it could only trigger robbery in the end, and eventually put your life into danger. That is why if you can keep your assets on your own, then do it and never make it a way to brag or inspire others just to attract audience. The victim could  have end his life there and lost his life, but still be thankful that he survived from it.

[Distinctin]

Whether this story is fake or not, it has been mentioned before that unnecessary bragging may pose such risks and render you a susceptible target. Of course, this doesn't only apply to cryptocurrencies but to money in general. There's no need to pose your money and success on social media; you're never exactly sure who might be watching you and how robbers are using them to track down people with wealth.

On the other hand, I don't understand how they accessed his wallet; what kind of support did they contact? Why was he using an online, centralized wallet?

The robbers have dig into it so they have set their plan first before taking the action. Sometimes, its only us that is making our life more complicated and eventually set ourselves into danger. If the blogger has been more cautious on the outcome of his posts, this thing might never happened to him. That is why as much as possible, we should not expose our assets publicly as it could only make our lives miserable. This might serve a lesson for all social media lovers out there.

[goldkingcoiner]

It sounds like the people (criminals) who attacked him knew where and how to find him and how to steal his money. Had the villa owner not been so public about his money, as in bragging openly or flaunting his wealth, perhaps this may never have happened. I do hope that the guy gets his money back and that the criminals are served fair justice. Since there was another witness (wife) that can attest to the identity of the robbers, perhaps there will be justice, after all.

Lets see how this story plays out. Although for some reason, I feel like I have heard this story before. Perhaps it was just a similiar story to this one....

[Russlenat]

This is not just about bitcoin though, letting the world know you have "money" puts you in danger. Specially if you are carrying it around with you.

You mentioned he was a tourist, if you check the stats of robberies where they take the tourists money in different countries you'll realize this is not a new thing. There are even some cities in Europe (eg. Barcelona, Spain) where the average is a dozen robberies per hour (that's 2018 stats, it is much higher in 2023 due to worse economy situation). As you see these stats are not bitcoin related.

Right. The moment you disclose your privacy and let the world know that you have huge assets on your own, then you are giving permission to those people who have been planning to harm you. So you should not be surprise if later on, you're now in danger. Most specially for crypto that is stored in your smart phone, a lot of people would be eyeing to get it and own them. And in the case where you are in the place where robberies are rampant, then consider yourself as a future victim since you allow them to do this to you.

[rachael9385]

Am really sorry for the victim, that's why it's not good to trust anybody even your parents, in my place they said your best friend is your worst enemy.
My advice to all successful Bitcoin investors is never show anyone your asset no matter what, because you don't know the mindset of the person you are showing your assets to,

[Uruhara]

Am really sorry for the victim, that's why it's not good to trust anybody even your parents, in my place they said your best friend is your worst enemy.
My advice to all successful Bitcoin investors is never show anyone your asset no matter what, because you don't know the mindset of the person you are showing your assets to,

Indeed I also feel sorry. and the one who was robbed turned out to be a trader or indeed he was someone well known to many people. so someone must be after him and his girlfriend. because his girlfriend's crypto was also stolen in the incident, and ironically it turned out that the perpetrators of the robbery were fellow foreigners. and after an investigation was carried out by the local police via CCTV and so on, it turned out that the 3 perpetrators were fellow foreigners. and 1 other person is a local Indonesian citizen. and actually the victim was just slapped. not to be beaten. and I think not many Indonesian citizens know the victim. So most likely the perpetrator is someone who knows the victim. because the victim is indeed someone who is quite active in the internet world, especially in terms of crypto.

and it's true that this is where the danger lies in telling everyone that we are a crypto trader or something. or even if we often show off our crypto assets on social media then it's tantamount to inviting criminals to our homes.

after I read this news. it turns out that last year there was also news of crimes involving foreigners. that is, the foreigner suffered a defeat in trading crypto while in Bali. and then he stole a motorbike out of necessity. he fell into debt as a result of his crypto trading activities and suffered losses. somehow I feel sorry for this one offender.
but I also learned the lesson that we cannot completely depend on crypto trading to make ends meet. investment in crypto should only be made with cold and unused money or leftover money.
and I also just found out that there are still many similar cases involving crypto and theft in Bali committed by foreigners vacationing there.

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Reference:
- https://news.okezone.com/amp/2022/06/30/244/2620925/kalah-main-kripto-jadi-motif-bule-rusia-curi-motor-di-bali?
- https://www.cnbcindonesia.com/tech/20230301120225-37-417919/miliarder-bitcoin-rusia-dirampok-di-bali-rp-43-miliar-raib

[Solosanz]

Am really sorry for the victim, that's why it's not good to trust anybody even your parents, in my place they said your best friend is your worst enemy.
My advice to all successful Bitcoin investors is never show anyone your asset no matter what, because you don't know the mindset of the person you are showing your assets to,

Are you sure?

When you're get older and you're allocating most of your money into Bitcoin, do you really want to let your Bitcoin away without giving it to your kids? I will choose to give my Bitcoin to my kids because there's no point for me to keep accumulating Bitcoin, but I didn't use it all and just abandon it.

But, we're a different person, so we have a different purpose to hold Bitcoin when we're already old.

[Fiatless]

People frequently get too cocky with their investment sometimes — by unnecessarily flaunting their holdings to other people; or sometimes, even just by simply wearing a bitcoin/crypto-related t-shirt. Personally, I'd rather prefer that no one knows that I'm into crypto at all; just to be extra sure.

https://cryptosec.info/wrench-attack/

Your views captivated me and I accept them. It is better to live a very low-key life. People don't need to know that you are rich because the heart of men is desperately wicked. We should also consider the claim of the attackers that the Russian dumped somebody and he is also a fraudster. It might also be that these criminals just wanted to shift attention from their crime. They should be charged and jailed if found guilty.

Bit I don't think i would stop bitcoin awareness in my locality. I introduce people to bitcoin but I don't tell them how much Bitcoin I own or inform them that I am rich. But people must know about bitcoin and bitcointalk through me. It is one of the ways that p2p can be promoted
.

[AicecreaME]

This could happen to anyone who are holding Bitcoin if they are bragging about it on social medias, that's why staying lowkey is a must. I couldn't see any advantages at all like those who are being featured in television or vlogs who are a multimillionaire in cryptocurrency. The world is getting more scary as the days goes by, we don't even know who to trust. So always make sure that you're not telling anyone about your big hodling of Bitcoin, it could backfire to you anytime.

[Note3]

It sounds like the people (criminals) who attacked him knew where and how to find him and how to steal his money. Had the villa owner not been so public about his money, as in bragging openly or flaunting his wealth, perhaps this may never have happened. I do hope that the guy gets his money back and that the criminals are served fair justice. Since there was another witness (wife) that can attest to the identity of the robbers, perhaps there will be justice, after all.

Lets see how this story plays out. Although for some reason, I feel like I have heard this story before. Perhaps it was just a similiar story to this one....

I'm read the news in the online media with local language that the victim is an investment blogger and a criminal has already been caught and revealed that the victim is a fraudulent either the victim might cheat through a type of crypto investment so it is very possible that the robber is a person who knows the victim well.
Bali is actually a safe area and with the funds owned by the victim is quite strange if he has not done KYC because when the thief wants to withdraw all the assets must first do KYC and succeed in withdrawing the cryptos here is the link with indonesia language

[kryptqnick]

I don't know whether this guy got his money in a legitimate way or by robbing others, and whether those who robbed him wanted the money for themselves or for the victims of an alleged scam. I've googled him, and there seem to be many people unhappy with his activities and that claim he is scamming others. So aside from being a rich Russian, he also had enemies, was into providing financial advice to others and was known to be aware of the crypto market because he commented on some crypto-related things earlier.
There's nothing to save one from being robbed this way, of course, but he had additional risks related to what he did and how he was earning money.

[Little Mouse]

I'm feeling insecure these days because few of my friends know that I'm involved in cryptocurency (though they are too). Althiugh they don't know how much crypto I'm holding. And now this news lol.
It's always better if we hide our financial activities, and when it comes to crypto, we should definitely not share with anyone.
This is not the first time if I can remember. We have seen a few such cases back in the day.

[ringgo96]

nowadays the world of bitcoin is already very popular among the people, and they are very tempted by the current price of bitcoin, so many of them want to get bitcoin in an improper way both by hacking accounts to robberies as you explained, to avoid things that we do not want then never tell how much bitcoin assets we have because it will be harmful, because some of those who are already destitute will do negative things and do not care even though they are close friends we have known for a long time.

[LogitechMouse]

I want to feel sorry and feel unfortunate for the victim, but when I saw this one and read it, I guess he really deserves that.
I mean we have many crypto influencers already all around the world, but we aren't hearing these kind of crimes happening to them. I believe there's a reason behind this incident, and it seems like there really is.

~
Then again, he might got what he deserves as he seems like a scammer that got robbed. Karma is a bitch.

Our current hero creates channels and groups where he sells signals for making money on betting, mining, cryptocurrency, offers to buy his courses as ready-made solutions for good earnings, but by contacting Boitsov, people only lose money and nothing more.
~

Nowadays, whether it's cryptocurrency or fiat money in general, if you have huge amount of cash, and you posted it in public, there's a chance that you will be the next target of robbers or thieves, so the best thing that we can do is to just keep it in private as much as possible, and don't ever ever share the amount of holdings that we have.

[Mr.sprin]

People frequently get too cocky with their investment sometimes — by unnecessarily flaunting their holdings to other people; or sometimes, even just by simply wearing a bitcoin/crypto-related t-shirt. Personally, I'd rather prefer that no one knows that I'm into crypto at all; just to be extra sure.

https://cryptosec.info/wrench-attack/

I agree with you that it is better that the digital assets that we hold are not known by others because if people know that we have digital assets such as bitcoin or other alcoins then people will be jealous and will think of ways to harm or extort, therefore it is better not to show it off our assets on social media or with others.

[bitzizzix]

Nothing is 100% safe than anything we have, unless you can hire a bodyguard. So if we don't have strong security we can't be too vulgar with what we have and this problem often occurs with those who boast about their wealth and not just bitcoins, wearing flashy jewelery is also a target for criminals. And also a lot of people who suddenly turn into criminals, and not because there is any intention but because there is an opportunity.
and the good thing about owning bitcoins is that they have to be completely hidden and look normal, you don't need to be flashy because it will invite crime especially if there are a lot of them and what happens will be a lesson for other users, including me.

[AakZaki]

He may have something to his blog articles about his bitcoin involvement as he is a blogger.
I am sure, these perpetrators have read his blog, the reason why they have idea about his bitcoin holdings.
If you don't want to be a target of any fraudster, better keep your crypto involvement within yourself.
There's no need for everyone to know that you are in this market. It is easier to safeguard your privacy if no one knows you are in this market.
Remember, anywhere you go, even if it is the safest place in the world, there will always be scammers or persons with evil minds.

Sometimes someone who already has a lot of assets will show off several times, showing that their wallet has lots of bitcoins or millions of assets. It would lure anyone in and nowhere would be safe once they were marked. Scammers who work online may still be able to overcome, but if scammers are already hunting offline and they target people with a lot of assets, they will become criminals who will do anything to get these assets. It looks very scary and very dangerous if the privacy of assets is published.

[wiss19]

If the attack happened in the real world (offline) then I think it's more possible for the criminal to get caught and the Bitcoins can still be recovered before they transfer and spend it. Not only this news but I also heard a news before where the car get rob and the thief only stole a Bitcoin wallet while other valuable items are still there. I think what happen here is like an inside job because how will they know that their target has a Bitcoin?

It's important to not share sensitive information to your friends, relatives or even to your own family because we never know what if they have a hidden desire to our wealth and will do anything to get them.

[s2]

This is one of the few reasons why I would back a custodian service to hold bitcoin in escrow.
Having that sort of money on your phone is insane, what happens if there's a zero day exploit on the phone? Putting a large amount like that into cold storage used to be sensible but now it's a terrifying concept of having a password worth that much in your home.

[Ojima-ojo]

I feel bad for the victim anyways if he genuinely worked for that bitcoin holding, this is so because Bitcoin has one incredible feature which is privacy, one can easily operate privately without anyone knowing how much bitcoin he of she holds unless you go about putting it to peoples face before there can know you have some bitcoin.

And reading through that news,  it seems like the robbers have well and accurate information about the op's possession of bitcoin and they made the robbery up.