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Criminal Gang Physically Assaulting People for Their Cryptocurrency

published on 2024-07-18 15:33:18 UTC by Bruce Schneier
Content:

This is pretty horrific:

…a group of men behind a violent crime spree designed to compel victims to hand over access to their cryptocurrency savings. That announcement and the criminal complaint laying out charges against St. Felix focused largely on a single theft of cryptocurrency from an elderly North Carolina couple, whose home St. Felix and one of his accomplices broke into before physically assaulting the two victims—­both in their seventies—­and forcing them to transfer more than $150,000 in Bitcoin and Ether to the thieves’ crypto wallets.

I think cryptocurrencies are more susceptible to this kind of real-world attack because they are largely outside the conventional banking system. Yet another reason to stay away from them.

Article: Criminal Gang Physically Assaulting People for Their Cryptocurrency - published 2 months ago.

https://www.schneier.com/blog/archives/2024/07/criminal-gang-physically-assaulting-people-for-their-cryptocurrency.html   
Published: 2024 07 18 15:33:18
Received: 2024 07 18 15:39:43
Feed: Schneier on Security
Source: Schneier on Security
Category: Cyber Security
Topic: Cyber Security
Views: 0

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