Security News > 2024 > July > Criminal Gang Physically Assaulting People for Their Cryptocurrency
2024-07-18 15:33
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.