Hackers are continuously targeting cryptocurrency wallets that have weak security mechanisms. If they don’t succeed, they dupe crypto traders into surrendering their login credentials. If you are intelligent enough to avoid all of these, they finally come to your physical address and bully you into transferring those coins to their address. In a recent case in Massachusetts, a crypto trader was held at gunpoint to transfer their digital wealth.
The trader who is a LocalBitcoins trader in Northborough said that the attackers broke into his house through the basement window triggering the burglar alarm. At first, holding the trader at gunpoint, they demanded hard cash which he gave them. But they wanted more. They also demanded his bitcoins.
The attackers pretended to be yard workers wearing construction vests. To help cover their tracks, they,
” Ripped off one of my external burglary sirens and cut the internet and TV cables on the outside of my house and on the inside of my basement. They left behind a cigarette, a cell phone, and a bunch of blood drops from where they cut themselves on the glass inside my house. Whoever put them up to this – and it had to be someone, because I had never traded with either of them before – did not exactly send their A-team. In fact, according to the police, the guy who stuck a gun in my face said he was coming down from meth!” said the trader in a post.
although the trader managed to escaped before he make the transfer, he claimed that he did not recognize the attackers and suspects they may have been directed by people who he may have traded with in the recent past.
With the security of crypto storages being beefed up every day and the traders being aware not to trust anyone who asks for their passwords, hackers are bound to try their luck by physically attacking crypto traders to get a share of their hard-earned digital wealth.
As the crypto trader was held at gunpoint to transfer his bitcoins, do you think crypto traders should improve residential security as much as they have strong wallet security?
Let us know your thoughts in the comments section below.