Three teens kidnap Las Vegas man at gunpoint, stealing $4M in crypto

[_act_]

Crypto thefts are increasing which should make know the reason privacy is very important. According to police, this happened in November of last year. They were three teens which kidnapped someone who just finished hosting a crypto-related event in downtown Las Vegas. They told the person that they have also kidnapped his father as they want him to give them his account password.

They stole $4 million worth of coins and NFTs from him. Two of the teens has been arrested while one was said to have been out of the country. One of the two arrested was bailed with $4 million while the second person was given house arrest. A preliminary hearing is scheduled for June, with both teens set to be tried as adults.

https://cointelegraph.com/news/florida-teens-kidnap-crypto-entrepreneur-at-gunpoint-steal-4-m-in-crypto

[Japinat]

Attending crypto events does expose us as holders, but it’s also crucial to have people supporting events like these because they help grow adoption. What we really need now is for governments to create laws that protect crypto holders, so we can confidently go public with our investments. This isn’t the first time we’ve seen cases like this, similar situations, like kidnappings for ransom, have happened before. The bottom line is, without proper protection, it might be safer to keep our holdings hidden and stay under the radar.

[Mia Chloe]

Crypto thefts are increasing which should make know the reason privacy is very important. According to police, this happened in November of last year. They were three teens which kidnapped someone who just finished hosting a crypto-related event in downtown Las Vegas. They told the person that they have also kidnapped his father as they want him to give them his account password.

Honestly it is quite saddening the way crypto thefts have taken over the ecosystem. Basically these people that are being targeted by thieves, hackers and scammers these days are victims of low or compromised privacy and KYC data. This is because those hackers and scammers have information on them before they proceed to pull off an attack.
You can't expect them to randomly know those things and it's the reason why we should be cautious how we share information about our Hodlings and also the kind of services you offer your KYC data to.

[cryptoaddictchie]

Attending crypto events does expose us as holders, but it’s also crucial to have people supporting events like these because they help grow adoption. What we really need now is for governments to create laws that protect crypto holders, so we can confidently go public with our investments. This isn’t the first time we’ve seen cases like this, similar situations, like kidnappings for ransom, have happened before. The bottom line is, without proper protection, it might be safer to keep our holdings hidden and stay under the radar.

Thats one thing. Most crypto whales or influencers whose love to attend conference should avoid posting their profits or gains on social media. They are probably being monitor by different users and when got a ln opportunity like an event they could be kidnapped or worse stole their physical devices and steal their crypto assets. Its not that government shpuld protect these guys. Its them whom should be careful when posting or letting others know their crypto fortune.

[Felicity_Tide]

Crypto thefts are increasing which should make know the reason privacy is very important. According to police, this happened in November of last year. They were three teens which kidnapped someone who just finished hosting a crypto-related event in downtown Las Vegas. They told the person that they have also kidnapped his father as they want him to give them his account password.

And some people expect us to promote Bitcoin in our community, knowing fully well the government does not guarantee you security. Just imagine a person with such an amount worth of crypto, falling a victim, then what would be the fate of those that don't even have up to 10%. We have too many hungry and lazy people in our society, and they see people's hardwork as a better means of survival. But at the same time, our level of confidentiality and privacy will play a big role in our financial security.

They stole $4 million worth of coins and NFTs from him. Two of the teens has been arrested while one was said to have been out of the country. One of the two arrested was bailed with $4 million while the second person was given house arrest. A preliminary hearing is scheduled for June, with both teens set to be tried as adults.

Bail of $4 million?, that's literally equivalent to what was stolen, and not even up to his own share of the money, if the stolen amount was to be shared evenly. How do people get such courage to steal such an amount. And I guess the next trial will be for the kidnapping. Quite a sad one.

[btcltcdigger]

Ah yes, the $5 wrench attack in crypto. That's the one type of attack no one really considers until it happens.
To a degree, the victims are at fault here as well, as they must have flaunted around their crypto wealth enough for bad guys to notice

[The Hidebehinder]

To a degree, the victims are at fault here as well, as they must have flaunted around their crypto wealth enough for bad guys to notice

He hosted a crypto event from what I am reading here, the moment you're a speaker for such you basically put a tag on yourself.
You could blame some of the victims but let's assume a guy like Andreas Antonopoulos gets ambushed like this,  he hasn't flaunted his wealth at any point but everyone with a brain knows he must have a few dozen coins at least on his name, should we blame him for getting robbed also?

I don't like when living in fear and hiding in the shadows is becoming a a norm to keep you safe.

[AVE5]

Such related insecurity threats is the reason why crypto currencies can't be a success to be inducted into the academy section of  having it a a course of studies for the benefits of future generations and all well to tie the blockchains on bond where a reputable coin as bitcoin will ever survive portraying it lucrative potentials just as many of the users in the forum has proposes that having crypto currencies as a course to be studied would enhance the rate of digital currency adoptors.
Hope it potential threats is clear here regarding the fact that this man was kidnapped referring that he was just walking out from a crypto event which literally was made obvious to the public.

That's to say you can't be safe when you portrays being around the horizon of the golden digital industry because whatever that has to transpire within the Crypto especially bitcoin is sighted to be treasures.
Just it; we need to observe more "keep off from public crypto awareness" because even a core member of the event can plan evil against you just to steal your funds.

[Doan9269]

Crypto thefts are increasing which should make know the reason privacy is very important. According to police, this happened in November of last year. They were three teens which kidnapped someone who just finished hosting a crypto-related event in downtown Las Vegas. They told the person that they have also kidnapped his father as they want him to give them his account password.

They stole $4 million worth of coins and NFTs from him. Two of the teens has been arrested while one was said to have been out of the country. One of the two arrested was bailed with $4 million while the second person was given house arrest. A preliminary hearing is scheduled for June, with both teens set to be tried as adults.

https://cointelegraph.com/news/florida-teens-kidnap-crypto-entrepreneur-at-gunpoint-steal-4-m-in-crypto

What is this world turning into, whereby you discover teenagers having all sorts of bad behaviors in the society, could early exposure be the reason behind all these or their parents and the kind of environment they have been found living in, because if teenagers at this stage were found committing theft like this, then there are lots of questions that needed to be given answers to, which also concerns everyone of us, the government alone should not face this challenge, but everyone of us in doing all we could afford in making life better and fighting against fraudulent activities.

[un_rank]

Privacy is not always possible for crypto investors, especially when you are in the public space and that is a huge part of your crypto ventures. What I expect is if you are rich in crypto and also public about your ventures, you should invest a little into security that a group of teens will not be able to kidnap you and perform a $5 wrench attack on you.

The article did not comment on whether his funds have been recovered. I wonder what the laws in cases like these is and if the victim gets their stolen funds.

- Jay -

[OcTradism]

Crypto thefts are increasing which should make know the reason privacy is very important.

Privacy matters, always matters, and there are abundant warnings about risk of privacy leaks or loss. When your privacy was lost, you will lose it forever and will never be able to hide your privacy entirely again. You can surely improve your practice, become more careful with privacy-releated issues but there are many online and offline resources that can archive your past privacy leak.

Privacy loss possibly results in more risk of physical attacks such as kidnapp like your reported case.
https://github.com/jlopp/physical-bitcoin-attacks

[_act_]

Privacy is not always possible for crypto investors, especially when you are in the public space and that is a huge part of your crypto ventures. What I expect is if you are rich in crypto and also public about your ventures, you should invest a little into security that a group of teens will not be able to kidnap you and perform a $5 wrench attack on you.

This is true, security is very important. There are notable people that have been kidnapped, like the Ledger co-founder that people in France know very well. But this will serve as a warning to some people. But some people does not necessarily need to talk about crypto publicly but they did and they can become target. I hope what are happening will teach people a lesson to avoid being a victim.

[un_rank]

But some people does not necessarily need to talk about crypto publicly but they did and they can become target.

If your crypto investments does not involve public branding or networking, you do not need to talk about your holdings and will not need any security as you are staying as private as possible. Having security detail in this case can actually make you a target.

If you must not talk about crypto, do not? If you must and have a substantial amount in cold storage, invest a little for your protection. This can also be covert to not attract more attention.

- Jay -

[Ishicryptic]

This is very unfortunate and we should all learn from it, criminals have gone a step further from online crypto scams and hacks into physical attacks to steal people's cryptocurrency. If we can't stop the ugly trend then we must try to avoid it by not announcing our crypto worth in the public because robbers and haters will be among the people that will hear the crypto worth. I am happy that most of the robbers got caught and they should be tried and jailed as a deterant to the ones that are not yet caught and the upcoming criminals. Targeting family members of crypto holders that announced their crypto worth is very disturbing, this is the more reason why holders should remain low-key and if they are giving crypto talks they should not mention the amount of crypto that they hold.

[lovesmayfamilis]

What can I say? Young people, instead of drawing the right conclusions about cryptocurrency, decided that they had found an easier way to mine it. However, their lack of education shows that they did not think about the consequences. Unfortunately, some young people these days are so stupid and greedy that they take on too much arrogance and too many rights, deciding that they are allowed to take someone else's and commit crimes. I don't know if their parents are to blame, but one thing is clear: I want them to be punished quite harshly so that all others who want to feast on someone else's property would learn a lesson and a warning.
But of course, I would like to wish all crypto owners modesty in talking about their assets and safety.

[Cryptohygenic]

Attending crypto events does expose us as holders, but it’s also crucial to have people supporting events like these because they help grow adoption. What we really need now is for governments to create laws that protect crypto holders, so we can confidently go public with our investments. This isn’t the first time we’ve seen cases like this, similar situations, like kidnappings for ransom, have happened before. The bottom line is, without proper protection, it might be safer to keep our holdings hidden and stay under the radar.

Thats one thing. Most crypto whales or influencers whose love to attend conference should avoid posting their profits or gains on social media. They are probably being monitor by different users and when got a ln opportunity like an event they could be kidnapped or worse stole their physical devices and steal their crypto assets. Its not that government shpuld protect these guys. Its them whom should be careful when posting or letting others know their crypto fortune.

To even think of it, a sensible user or investor of cryptocurrencies would not even make such attempt of airing out their crypto portfolio tod the public when ought supposed to had been aware that his government if supported the legal use of the digital assets in it country might turn against it tomorrow or rather in the future is possible to keep you on track for sanction when that day may come.
And also noting that crypto being a digital asset being accessible just by the internet could attract physical attack and get you on conditional panic to just pick up your common phone and transfer your funds to their own account.
Bitcoin itself is a highily attractive commodity which even if you don't invest on it but a mere claim that you are invested in it will increase your personality to the public because they believe whoever having a deal with the bitcoin is wealthy.

So, why can't those being aware of this risks and haven a hold of assets on it they to just keep mouth shut and maintain an anonymous profile to the public?

[Patikno]

I believe the victim is a targeted person, and this has happened often, including several cases that have occurred in my country. This is a problem because of the lack of privacy, everyone needs to not tell what they have, especially crypto assets. Because basically crime occurs because there is an opportunity that allows criminals to carry out their actions, therefore we must remain careful in everything we do, including being careful in showing things like assets or finances.

[dumpsterhawk]

Ah yes, the $5 wrench attack in crypto. That's the one type of attack no one really considers until it happens.
To a degree, the victims are at fault here as well, as they must have flaunted around their crypto wealth enough for bad guys to notice

Yes, no one is going to randomly attack people and hope that they have some crypto. How would you know they are telling you the truth or not when they say that they don't have any? It is too risky. These attacks are usually targeted and partially the victim's behavior is to blame.

But some people does not necessarily need to talk about crypto publicly but they did and they can become target. I hope what are happening will teach people a lesson to avoid being a victim.

No way. These cases would be extremely rare. While people may not be talking publicly, they are often flaunting their wealth to others and can indirectly reveal where it came from. They also often talk to the people in their circles about this.

[serjent05]

Ah yes, the $5 wrench attack in crypto. That's the one type of attack no one really considers until it happens.
To a degree, the victims are at fault here as well, as they must have flaunted around their crypto wealth enough for bad guys to notice

True, this is also what I am thinking.  It is possible that during that event, this person instead of going low profile over his holdings and just discuss the essence of cryptocurrency, possibly bragged about his crypto success story.

And some people expect us to promote Bitcoin in our community, knowing fully well the government does not guarantee you security. Just imagine a person with such an amount worth of crypto, falling a victim, then what would be the fate of those that don't even have up to 10%. We have too many hungry and lazy people in our society, and they see people's hardwork as a better means of survival. But at the same time, our level of confidentiality and privacy will play a big role in our financial security.

One can promote cryptocurrency and minimize himself to be targeted from these attacks.  Just be a low-profile person.  A promoter can promote his stuff without revealing his wealth.  He can just discuss the features, importance, and real-life features of Bitcoin.  There is no need to flaunt his wealth to convince people that is not necessary.

[CryptSafe]

I will presume these kids got to know about the man through the crypto event he had hosted, and that was what gave or exposed him to this unfortunate event that almost cost him his life, because if he had not released his password to them, they could have hit him hard.

This should serve as a lesson to crypto holders because, from the looks if they could drain such an amount at a single attack, then it means the man was having such an amount in just one wallet and he is moving about with it, which is not safe. We should learn not to keep a huge amount of money or assets in one wallet or move about with our assets when we know it's not safe out there, even when we have already made it known to the public that we are crypto enthusiasts.

Another thing to note is that we should not be too loud with our crypto assets in public, maybe who knows if he has said it in the event he had hosted, or so that warrants them having such information about his crypto assets to have attacked him. It is unfortunate that teens are the culprits in such an attack, as no one would have believed they could do such a thing, and this made me more curious as to what is really happening to this crop of generation coming up, they do not want to work hard to earn an honest pay, they know nothing of being upright and of good conduct. All they want is free and quick riches, which they can not guarantee themselves, but to go about stealing and committing crimes.