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Author Topic: BTC holders, do not reveal your identity online  (Read 476 times)
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June 04, 2023, 10:06:33 PM
Merited by stompix (2)
 #21

Here is one English reports about this case, Missouri doctor John Forsyth last seen getting into mystery car before being found dead in lake: brother.

The article didn't mentioned about his involvement in crypto, specially in BTC. So it's hard to conclude initially if this is homicide is related to it. And as per the news report:

Quote
Richard Forsyth said that his brother has previously been involved in dangerous situations and that he was kidnapped and released in February 2022.

So I guess we will have to wait and see, maybe the said doctor might have been involved himself which gang or any dangerous criminals.

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June 04, 2023, 11:06:37 PM
 #22

the confidentiality of BTC ownership must be maintained, even if it's our family,
in the case that we publish BTC ownership it will pose a heavy risk for ourselves, not only criminals, the tax mafia will also hunt us down in terms of taxes, because crypto has not been legalized in my country so it is hard for me to give my money to the country, not I am not tax abiding but at least crypto is legalized I wouldn't mind paying the taxes

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June 04, 2023, 11:17:16 PM
 #23

the confidentiality of BTC ownership must be maintained, even if it's our family,
in the case that we publish BTC ownership it will pose a heavy risk for ourselves, not only criminals, the tax mafia will also hunt us down in terms of taxes, because crypto has not been legalized in my country so it is hard for me to give my money to the country, not I am not tax abiding but at least crypto is legalized I wouldn't mind paying the taxes
Exposing oneself would also open tendencies of accidentally encouraging some people around you to do so. And once unfortunate thing happen such as dump in market prices, you'd be one for sure to blame. I guess this is more likely and more often to happen than with tisks involving taxation. Taxation on the other hand is impossible if they won't have access with your transactions. Governments also won't know all of your wealth in this industry, in an instant. It is our influence as investors which would be at risk from criticism.

Also, the only reason why some people are exposing their wealth in this industry is to brag, but are hideous whenever the market prices are falling.

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June 04, 2023, 11:52:05 PM
 #24


The angle is very possible because he is just too exposed about himself owning coins. Bitcoiners are easy target for the criminals because after all if the criminals got his coins, no one can ever take back even if they are caught. A criminal could just do his time and getaway with it after few months of weeks.

At gun point, the doctor will give his coins up. Sad part is he also was killed.
One thing is clear here that he was not kidnapped for some medical formula other than his identity but he is Bitcoin millionaire and co-founder of Onfo coin project. He has a huge stash of bitcoins and is believed to be the reason why he was kidnapped and robbed of valuable information.

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June 04, 2023, 11:56:47 PM
 #25

We should always take caution in everything we do online.  We must not forget that anything reveal online will be kept there and can be known by other people.  It would not be a problem if all people are kind beings but every person is different,  There are as much as good people as bad people, not because one of our neighbors does not covet our cryptocurrency, all people wont?  Who knows that these neighbors might possibly scheming of how they can have access of our Bitcoin holdings.  So it is best to keep our self in avery low profile so that rich hunters won't notice us and prepare a plan to rob us of our money.

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June 05, 2023, 02:44:40 AM
 #26

the confidentiality of BTC ownership must be maintained, even if it's our family,

This will have 2 sides, on one side, your bitcoin will be safe with you because only you own it, and no one can take it away from you. But on the other hand, it will be risky if you do not share this secret with your loved ones because sometimes life will have surprises. If you are the only one who knows about the seed phrase and when you have bad luck, those bitcoins will also disappear with you. No relative has the right to inherit, and it will be very selfish because we don't have to live for ourselves, we also have people who need to be loved and cared for like parents, wives, and children...

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June 05, 2023, 03:02:11 AM
 #27

I don't have much information about this case but I can't seem to link the doctor's death with Bitcoin. If the crime was about Bitcoin, the victim would probably have been tortured to force him to reveal his private keys. This is assuming that Dr. John would not easily give up on his considerable Bitcoin stash. This could mean his gadgets should have been found with his body rather than left in the car. I suppose important information linking his coins could have been stored in either devices. I don't think the victim memorized them, so the devices should have been used by the robbers during interrogation.

Also, if this is about crypto, is it not more possible that he's killed because of his Onfo Coin? This coin appears a scam to me. If this is the same coin referred to in Onfocoin.com, this is about earning money quickly through network mining, therefore a probable scam, a Ponzi in particular. The culprit could be victims of this Ponzi.

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June 05, 2023, 03:05:59 AM
 #28

from this incident we have to take a lesson, that is so that we remain vigilant especially for large investors who have large amounts of bitcoin and indeed in this era we have to be more vigilant because our wealth assets are so diverse and one of the newest assets is bitcoin, so we have to be more vigilant. maybe now many robbers have also started to know that bitcoin is valuable, so we have to be vigilant.
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June 05, 2023, 04:19:41 AM
 #29

Criminals are improving themselves just to get that money illegally. It is really scary right now that even if you own BTC and didn't bring cash or anything else with you, they can still rob you or force you to give them your assets. It was really different before because having it was more safe because you didn't have cash on you, but right now, even if you are cashless, they are still able to get your money. Always be cautious and never show your cryptocurrency assets online because anyone can harm you or someone is already checking on you.
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June 05, 2023, 04:38:52 AM
 #30

One thing is clear here that he was not kidnapped for some medical formula other than his identity but he is Bitcoin millionaire and co-founder of Onfo coin project. He has a huge stash of bitcoins and is believed to be the reason why he was kidnapped and robbed of valuable information.
The reason of his death isn't 100% because he publicity if he's own Bitcoin, but he create a crypto project is surely make him need publicity himself and there's no way to hide it except he use his alias name and hide everything he have.

Well everyone here is anonymous, unless you yourself tells someone that you have stash of bitcoin somewhere else, in your laptop or in your phone. And with that, you will be a target for criminals because you will be an easy target for them and steal your BTC.
Assuming every users in this forum is not using his real name and they only post their Bitcoin address without share any personal information, it doesn't mean everyone here is anonymous. I'd say only 1-5% users in this forum are anonymous because most of them already send their KYC to the casino or exchange, there's no more 100% anonymous.

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June 05, 2023, 04:45:06 AM
 #31

It remains unclear whether there is any real evidence linking BTC to Dr. John's death or how many BTC those who killed him took from him remain in doubt.How do we understand that he was attacked only because of Bitcoin, because  kidnapped and killed every day for various reasons.Dr.  John may be a Bitcoin millionaire but there is no question that Bitcoin has anything to do with his murder.But anyway the incident is really sad. We always have to be careful and remember privacy is an important aspect for crypto users.People are greedy for money and commit many immoral activities.  Maybe the incident will have a big impact on Bitcoin billionaires.

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June 05, 2023, 04:58:36 AM
 #32

I can't read the content of the link you posted, but from your explanation there is no certainty that this individual was killed because they have a lot of BTC, people get kidnapped and killed everyday for different reasons.

But the message of your topic is correct, keep your privacy, don't tell people you have BTC and try as much as possible to use decentralized services, so you don't have to submit kyc everywhere. You can be a victim of a $5 wrench attack if you reveal too much of your identity to the public.
We have to allow the police and other law enforcement agencies to finish their investigation and come out with a report because his death might be caused by other reason. But there is a need for bicoiners to maintain privacy. Social media could be friendly but there are many unfriendly people there. Most criminals are just seeking a trace of your house or office location and just an uploaded picture can give them what they want.

Look at it this way, how can a founder of a crypto project such as this be anonymous or make people believe he doesn’t have bitcoins locked away someplace. Take CZ of Binance for example, we don’t have to link him to a wallet to know he has a good amount of bitcoin. For these persons who are in the public eye, it’s impossible to dissociate themselves from public scrutiny. However for the regular joe, it’s very much possible to maintain privacy and keep your bitcoins unlinked to your identity.
I have a friend that owns an online business and who keeps on showing off his new cars, houses, and other valuables on social media. I was worried so I spoke to him about keeping his personal life private but he told me that it is a strategy to grow his business. People are always attracted by what they see. If you are telling them that they can make money from your company, they want to see you look rich before they will believe. he told that if you don't look wealthy people will not be attracted to your business, especially on the internet. However, he always employs the services of police force to protect him when he is moving to some unsafe area. If Dr. John is a founder of a crypto company, it will be very difficult to believe that he is not a crypto millionaire.

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June 05, 2023, 08:03:16 AM
 #33

Criminals are improving themselves just to get that money illegally. It is really scary right now that even if you own BTC and didn't bring cash or anything else with you, they can still rob you or force you to give them your assets. It was really different before because having it was more safe because you didn't have cash on you, but right now, even if you are cashless, they are still able to get your money. Always be cautious and never show your cryptocurrency assets online because anyone can harm you or someone is already checking on you.
That's because crime is evolving side by side with technology, as long as people find ways to make money in an illegal but much easier way, incidents like this will continue to happen no matter what, that's why being vigilant is a good thing and I too would always give that advice if no one has said it yet because prevention is always better than cure.



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June 05, 2023, 08:30:41 AM
 #34

Here is one English reports about this case, Missouri doctor John Forsyth last seen getting into mystery car before being found dead in lake: brother.

The article didn't mentioned about his involvement in crypto, specially in BTC. So it's hard to conclude initially if this is homicide is related to it. And as per the news report:

Quote
Richard Forsyth said that his brother has previously been involved in dangerous situations and that he was kidnapped and released in February 2022.

So I guess we will have to wait and see, maybe the said doctor might have been involved himself which gang or any dangerous criminals.

Maybe this doctor's death has nothing to do with bitcoin or cryptocurrency. But news of bitcoin-related robberies and extortion is not new to us. And I think we shouldn't be so bragging on social media or with strangers, not just with bitcoin but all of our assets. That really endangers our lives or even our loved ones. Moreover, the theft of crypto assets will face many difficulties in tracing and tracking criminals to recover assets. Prevention is still better than cure.

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June 05, 2023, 10:12:42 AM
 #35

My innate detective sense tells me that this has nothing to do with his identity as a crypto millionaire, even though it is common sense to stay anonymous as a crypto millionaire. I believe that there are both good and bad crypto millionaires. Maybe he was the latter. The victim, John Forsyth  in the story must have been targeted in a vendetta attack, or perhaps someone is attempting to silence him. There are numerous possibilities, but until the investigation is completed by the security agencies, no one will truly be able to ascertain what happened.

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June 05, 2023, 10:29:49 AM
 #36

5$ wrench attack. A very popular term in crypto space, but for the newbies, they don't know what that means.
It's also the reason why I'm not disclosing any of my Bitcoin holdings not only on online, but in the people around me as well.

There might be some people who knows that I'm holding Bitcoin, but they don't know how much is it. I don't know, but I guess this is also the reason why I'm hesitant in teaching other people with regards to Bitcoin. There might be a chance that those who have knowledge that I hold Bitcoin might target me one day (hope will not happen).

Anyway, the case of what the OP has shared isn't 100% crypto related, but maybe the fact that he's involved in one crypto project made him a target. Nevertheless, boasting things online like what you have, properties, money, or whatever it is is always a bad thing to do. Better to keep it private, and you don't get anything if you show it online. Maybe validation.

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June 05, 2023, 12:51:05 PM
 #37

~Snip~

It's not always just crypto; if you know you can't be careful enough to take responsibility for your security, then don't get involved in letting people know about the source of your income and all your holdings. Security matters a lot and should be treated and taken very seriously. There is a reason why most people don't joke with their privacy; it's not because they don't want to be known by others and become famous based on their discovery, but because of what comes after that. There are a lot of people who can't hide their financial background because of the level they have reached in society. Those kinds of people don't need to keep their holdings private, be it Bitcoin holdings or the level of wealth they have acquired, because they are already aware of the risk involved.

We just have to be careful. Based on our level, we also need to keep our financial status private from people who are around us. We never know who will betray who; this is just life. Not everyone who is laughing and sharing the same thoughts with you, like your progress, can really mislead people into doing what we can't ordinarily think of them.

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June 05, 2023, 01:13:26 PM
 #38

currently bitcoin assets are very much in a hurry by hackers and certain unscrupulous people in our lives, because the appearance is so fantastic that they want to get bitcoins in any way, including by committing crimes, so for us crypto users who already have bitcoin assets or other identity altcoins We certainly have to keep it secret because to maintain our own security, and Dr.John case can be a lesson for all of us crypto users, of course.


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June 05, 2023, 01:23:21 PM
 #39

However, many have commented on John's death, the most talked about being that his identity was leaked to everyone

Bruh, he was doing interviews for Forbes!!!!
It's not about leaking identity it's about not entering unknown cars in the middle of the night!


Lol at one of the comments:

Quote
Here are the angles:
He & His Brother founded a Cryptocurrency company in 2019, trying to help give “people from developing countries access to the cryptocurrency market.”
He recently got divorced.
He recently got engaged.
He married his ex-wife twice.
He has 7 kids.
He graduated from a medical school in Barbados.
He’s been an ER doctor for 15 years.
He lived in a Luxury RV in the parking lot of the hospital.
His body was dumped in The Ozarks.
He gets into a random car near a swimming pool, then gets back out of the car.
He leaves two phones in his car.

Let's add that his onfocoin turned into nothing being basically dead
https://coinranking.com/coin/8A9wGGomi+onfo-onfo
So I guess there is a lot more than hiding your identity online, I'm betting on first being not doing drug deals in the middle of the night!

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June 05, 2023, 01:52:59 PM
 #40

This incident involving Dr. John Forsyth is truly terrifying. I strongly advise against anyone with Bitcoin revealing their identity online and to stay anonymous in public as much as it can. It's really important to remain anonymous to minimize risks especially for people who claim to have a large amount of Bitcoin in their wallet. It's better not to share any personal information online including details about your financial situation and involvement with Bitcoin.

I feel like revealing such information or when they got leaked could attract unwanted attention, potentially leading to kidnapping, torture for your seed phrase, and even death as was the case with Dr. John Forsyth.

If you happen to be famous, it is important to invest heavily in security measures and take them seriously. Unfortunately, being in the public eye may make you a target for criminals, including serial killers.
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