THELOGICALINDIAN - A Bitcoin banker from South Africa has reportedly been benumbed kidnapped and bent over his Bitcoin backing The advance happened afterwards the man followed an allure to an bearding presentation highlighting the threats ambuscade on the internet
Kidnapped Over Bitcoin
A bitcoin banker from the breadth of Lanseria in Johannesburg, South Africa, has reportedly been complex in what seems abundant like a Hollywood thriller.
Lured by an allure to do a presentation on Bitcoin, a banker alone accepted as Andrew got drugged, kidnapped, and bent by a accumulation of bodies over his Bitcoin holdings, according to bounded media citation badge reports.
The badge say the man was abducted by 5 bodies – two women and three men who austere him with a hot adamant while aggressive his wife if he did not accelerate his bitcoin to an annual controlled by the criminals.
Eventually, the man transferred some ZAR 800,000 ($59,000) in BTC and addition sum of about $7,400 via coffer transfer. Additionally, the kidnappers took his two iPhones and two laptops afore bottomward him off on a accidental road.
Fortunately, the victim is currently convalescent in a bounded hospital afterwards comestible austere bake wounds on his buttocks, legs, hands, and his torso.
Stay Safe!
Earlier this month Bitcoinist reported on addition advance case area a adolescent man got waterboarded and waxed to acknowledge his crypto-wallet password.
Both of these situations highlight the accent of actuality able to avert yourself from a $5 bend attack, i.e. area you’re actuality physically assaulted for your bitcoin.
Not alike cool defended offline accouterments wallets can anticipate a concrete antagonist from banishment you to duke over your clandestine keys and/or accelerate them your bitcoin.
4 Ways to Prevent $5 Wrench Attacks
Here are a few things you can do to ensure the assurance of your holdings, and conceivably your own.
First and foremost, blackout is golden. Do not acknowledge that you authority bitcoin to anyone and abstain cutting blatant Bitcoin merchandise. If you get in a bearings of the kind, though: deny, deny, deny. Lie and try to casting agnosticism that you alike accept bitcoin.
Second, you can backpack a baby bulk of cryptocurrency in a ancillary annual that you can artlessly use to allay the attacker.
Third, you can use multi-sig technology to anticipate your bill from actuality transferred with aloof one clandestine key. The added key could be kept by a being you assurance and/or stored aural a assurance drop box, for instance. To abstain added complications, don’t accumulate a account of the bodies who authority your added clandestine keys.
Finally, you can use a Duress code. This is agnate to a accreditation bare area you accept a abstruse arresting to added key holders advice them that you accept been compromised. They will again apperceive that they shouldn’t acknowledge their keys or that you are currently in distress.
Ideally, it would be astute to administer a aggregate of these strategies for best aegis of your funds.
However, back no bulk of bitcoin is account added than your life, it may apparently be best to accelerate bitcoin to the antagonist as Andrew had, who luckily able with his life.
What are the best means to assure yourself adjoin $5 bend attacks? Let us apperceive below!
Images address of Shutterstock
