Thieves are targeting crypto-traders in the UK in a wave of cryptocurrency heists, and police are warning that thousands of pounds have been stolen by criminals looking to access other people’s wallets and transfer funds to their own accounts, according to a new report.
The report was published by The Guardian, which obtained a number of anonymous crime reports from City of London police. As part of a freedom of information request.
The cryptocurrency heist reportedly took place in the second half of 2021 in the financial district of the capital. The crimes have been described as clearly opportunistic street incidents, similar to a robbery for cash or valuables.
Phil Ariss, head of the cryptocurrency group in the cybercrime program National Council of Chiefs of Police , stated that police officers receive additional training on various cryptocurrency-related crimes, but noted that police officers are also looking for ways to educate the public about the need to be vigilant about using crypto apps in public places.
You wouldn’t be walking down the street holding [банкноты] and counting them. This should apply to people with crypto-assets.
Indeed, one of the victims was apparently trading on Crypto.com. evening at the pub, his phone was stolen and about $12,300 worth of cryptocurrency and/or fiat was stolen from his wallet.
The police report detailed that the victim used his phone at the pub and believed the thieves saw him enter the pin code for his account.
In another anonymous report, officers explained that the victim, who was trying to order an Uber on the street, was robbed by a group of people who took the phone and then returned it, only to have the victim later realize that $6,136 was stolen from her account. ethereum (ETH) from Coinbase .
Another man reportedly decided to walk down an alley with an unknown group of people offering to sell him cocaine. The report explains that the man agreed to give his phone to these strangers so they could enter the number into his phone.
Instead, the media continued, the gang gained access to his cryptocurrency account by pinning him against a wall and forcing him to unlock a face-check smartphone app, taking $7,366 worth of XRP.
In a rather graphic but all too familiar description for anyone familiar with London’s nightlife, The Guardian wrote
The victim said he vomited under a bridge when a mugger forced him to unlock his phone with his fingerprint, then changed the security settings and stole [35 228 долларов США], including cryptocurrency.
David Gerard, author of ” Attack on the 50-foot blockchain “, opined:
People keep stupid amounts of money in cryptocurrency accounts. They somehow don’t think it’s money.
Meanwhile, Gurweiss Grigg, chief technology officer of the analysis company Chainalysis in the public sector , stated that while police have the tools they need to track crypto-criminals, officers are less likely to have the resources to pursue smaller, single offender -of crimes.
Individual theft of a small amount may not come to the attention of the police or a large law enforcement agency. If they could make up a larger conspiracy of acts when people do it more than once or twice, police services would probably pay attention.
On Redditors, some tried to look on the bright side and referred to the latest cryptocurrency price drop as black humor. One redditor wrote:
My phone is worth more than my portfolio at this point.
#wave #cryptocurrencies #swept #Londons #financial #district