This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 19 2024- Cryptocurrency Investor Robbed: A London-based crypto investor lost almost all his digital assets to armed robbers who physically attacked him in his home.
- Robbery Details: The thieves, armed with machetes, forced the victim to transfer over $3.7 million worth of Ethereum (ETH) from his Ledger wallet to their accounts.
- Response and Investigation: The victim sought help from on-chain sleuths and exchanges like Binance, Coinbase, and Kraken to recover the stolen funds. Kraken Support team is investigating the incident.
- Stolen Assets: Following the theft, the victim's wallet now holds less than $63,000 worth of various crypto assets including StakeWise, Unibot, USD Coin, Staked Aave, and FOX.
- Importance of Security: The incident underscores the importance of keeping information about crypto holdings private, as offline thefts are rare but online attacks are increasing, with recent cases involving DeFi protocol UwU Lend and omnichain tokenization platform Holograph losing millions due to vulnerabilities.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
