Gang of Criminals Physically Attacking Individuals for Their Digital Assets

Gang of Criminals Physically Attacking Individuals for Their Digital Assets
This situation is incredibly disturbing:

…a cohort of individuals engaging in a brutal series of crimes to coerce victims into surrendering control of their cryptocurrency hol

Gang of Criminals Physically Attacking Individuals for Their Digital Assets

This situation is incredibly disturbing:

…a cohort of individuals engaging in a brutal series of crimes to coerce victims into surrendering control of their cryptocurrency holdings. The announcement and the legal document outlining accusations against St. Felix mainly centered on a single incident involving the theft of cryptocurrency from an elderly couple in North Carolina. St. Felix and one of his partners unlawfully entered their residence, physically assaulted the elderly victims—both in their seventies—and coerced them to transfer over $150,000 in Bitcoin and Ether to the cybercriminals’ wallets.

In my opinion, digital assets are more vulnerable to such physical assaults as they exist predominantly beyond the traditional banking framework. Another rationale to steer clear from them.

Categories: bitcoin, crime, cryptocurrency, extortion, law enforcement, physical security, torture

Photograph in the sidebar by Joe MacInnis.

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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