Man Tortured For His Bitcoin: 4 Ways to Protect Your BTC Funds –

Man Tortured For His Bitcoin: 4 Ways to Protect Your BTC Funds -

A Bitcoin dealer from South Africa has reportedly been drugged, kidnapped, and tortured over his Bitcoin holdings. The assault occurred after the person adopted an invitation to an nameless presentation, highlighting the threats lurking on the web. 

Kidnapped Over Bitcoin 

A bitcoin dealer from the realm of Lanseria in Johannesburg, South Africa, has reportedly been concerned in what appears very like a Hollywood thriller.

Lured by an invitation to do a presentation on Bitcoin, a dealer solely referred to as Andrew received drugged, kidnapped, and tortured by a gaggle of individuals over his Bitcoin holdings, in accordance to native media reviews citing police reviews.

The police say the person was kidnapped by 5 folks – two girls and three males who burned him with a sizzling iron whereas threatening his spouse if he didn’t ship his bitcoin to an account managed by the criminals.

Eventually, the person transferred some ZAR 800,000 ($59,000) in BTC and one other sum of roughly $7,400 through financial institution switch. Additionally, the abductors took his two iPhones and two laptops earlier than dropping him off on a random highway.

Fortunately, the sufferer is at present recovering in a neighborhood hospital after sustaining critical burn wounds on his buttocks, legs, palms, and his torso.

Stay Safe!

Earlier this month Bitcoinist reported on one other assault case the place a younger man received waterboarded and waxed to reveal his crypto-pockets password.

Both of those conditions spotlight the significance of having the ability to defend your self from a $5 wrench assault, i.e. the place you’re being bodily assaulted in your bitcoin.

Not even tremendous safe offline wallets can stop a bodily attacker from forcing you to hand over your personal keys and/or ship them your bitcoin.

4 Ways to Prevent $5 Wrench Attacks

Here are some things you are able to do to guarantee the protection of your holdings, and maybe your personal.

First and foremost, silence is golden. Do not reveal that you just maintain bitcoin to anybody and keep away from carrying flashy Bitcoin merchandise. If you get in a scenario of the type, although: deny, deny, deny. Lie and take a look at to solid doubt that you just even have bitcoin.

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