The 8 Worst Bitcoin $5 Key Attacks of 2022

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Bitcoin and the crypto space still have a lot to overcome when it comes to security and protection in order to thrive. However, cyberspace is not the only place where security threats exist.

Forbes identified last year that while physical attacks for bitcoin thefts are rare, they are the fourth vector of crypto loss. Another report by The Guardian revealed that the streets of London have seen an increase in “crypto muggings” after attackers stole victims’ phones and gained access to their unprotected crypto wallets.

Software engineer and BTC advocate Jameson Lopp has compiled a running list of all known physical attacks/thefts against bitcoin holders worldwide.

January: Bitcoin ATM stolen from gas station

In Memphis, Tennessee, police caught a group of people stealing a Bitcoin ATM from a gas station. According to reports, they rammed a truck through the station windows to remove the ATM.

We would have liked to see their faces when they realized there were no real Bitcoins inside the machine.

February: a bitcoin kidnapping incident

Indian police in the city of Pune have arrested eight people, including a policeman, for allegedly kidnapping a victim for the purpose of extorting Bitcoins.

Reports claim that the accused held the victim hostage for 300 crore rupees ($36.6 million) in BTC.

March: Bitcoin Trader’s house is invaded

In March, Dubai police arrested four men for stealing Bitcoin from a trader.

The defendants jointly paid a fine of 1.7 million dirhams (more than $462,000 at press time), the amount they allegedly stole from the victim’s home after putting a knife to his neck. the man.

April: Home burglary of cryptographic keys

Another incident came from Canada, where gunmen reportedly broke into a home in Canyon Meadows. Along with taking other financial effects, the men located and stole private keys for the victim’s cryptocurrency.

The victim was slightly injured, according to the media.

May: Theft of a BTC mining machine

In Malaysia, twelve men have been arrested in connection with the theft of Bitcoin mining rigs. This theft would have resulted in the loss of hundreds of thousands of ringgits for the owner.

The arrest follows a complaint filed by the owner of an aluminum company. The owner alleged that his building had been broken into twice and that 180 bitcoin mining machines had been taken.

July: Fake Bitcoin Deal

Two people have been convicted of robbing a businessman and his friend after tricking them with a bogus Bitcoin deal. The incident was reported in Dubai after the businessman approached a promoter to execute a physical trade in fiat for bitcoin.

Two individuals who allegedly attacked the victim seized the bag containing 183,000 Dh (approximately $49,800), three telephones, papers and bank checks.

September: Theft incidents at Gunpoint

In September, British police arrested three people for trying to steal his crypto holdings from a local man. According to reports, all three have been charged with carrying weapons “with intent to cause loss to another to make a wrongful demand for cryptocurrency from a person.”

December: A businessman asked to sell his crypto assets

A Russian businessman has told police that masked people forced him to divulge the password to his digital wallet after they took it from his car. The wallet contained 250 Bitcoins (approximately $17 million).

According to the victim, the incident happened in Moscow after the culprits took him to an unidentified place.

Disclaimer All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.

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