Leading cryptocurrency researcher ZachXBT reported an increase in armed robberies of people operating in the cryptocurrency industry.
Cryptocurrency Community is at Risk
Violent attacks and sudden shootings against popular cryptocurrency investors have increased in recent months, according to ZachXBT. More caution is needed when holding face-to-face meetings in the cryptocurrency community.
ZachXBT said in its warning: “More caution should be exercised when organizing face-to-face meetings in the cryptocurrency community.”
Security Measures and Industry Response
Major cryptocurrency players are coming together to fight against such crimes. Tether is trying to prevent cryptocurrency frauds by collaborating with TRON Blockchain and TRM Labs. For example, in the last 24 hours, as an example of this issue, a victim had 12 thousand spWETH ($32.4 million) stolen from his wallet.
Global Risks
Unlike cyber attacks, physical attacks are more difficult to prevent. It may not be impossible to prevent such theft when personal assets become active targets. ZachXBT highlighted that many cryptocurrency heists occur during or after face-to-face meetings. Since cryptocurrency transactions are irreversible, criminals prefer to steal directly using physical assets.
While this trend is particularly worrying in Europe, similar situations are also emerging in cities such as Hong Kong and Singapore. This shows that the threat of physical violence is a global problem, not a regional one.
When cryptocurrency robberies occur offline, cryptocurrency holders need to be more careful in their daily lives as well as online. The transparency of blockchain technology exposes users to physical dangers from fraudulent elements.
The security of cryptocurrency holders must be ensured in both digital and physical areas. Therefore, members of the cryptocurrency community should be more careful to protect their personal information and increase security measures.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
