Blockchain Investigator Reports Alarming Increase in Physical Crypto Robberies
Blockchain investigator ZachXBT has reported a disturbing rise in cases of physical cryptocurrency theft.
In a recent post, he highlighted a significant increase in messages from individuals in Western Europe who claim to have experienced home invasions targeting their digital assets. This surge in reports is notably higher compared to other regions.
ZachXBT previously mentioned on his Telegram channel that multiple individuals from the crypto community had been threatened with firearms and robbed of their assets in recent months. He also uncovered that a user who lost $4.3 million in a June 2024 home invasion had their personal information compromised due to a data breach, which allowed thieves to locate them easily.
The perpetrators conducted surveillance on the victim, posed as delivery personnel, and entered their home armed with machetes. They forced the victim to access their crypto wallet and transfer funds to two addresses, both of which remain inactive.
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To raise awareness, ZachXBT advised people to protect their personal information and avoid sharing details about their crypto holdings, especially on social media. Reports indicate at least 15 offline cryptocurrency theft incidents in various countries over the past year, with a total of 17 incidents in 2023 and 32 in 2021.
One notable case involved Nick Drakon, the former CEO of Revelo Intel, who claimed he was targeted by an organized group that threatened his family. After being held at gunpoint and forced to transfer funds, he resigned from his position. Additionally, a Florida man was convicted in June for leading a violent gang responsible for several home invasions aimed at stealing crypto, using intimidation tactics to force victims into transferring their assets.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
