Crypto-gang leader convicted of vicious kidnaps, robbery
www.theregister.com
Said to have zip tied elderly crypto investors, held them at gunpoint, and threatened to kill them

Criminals are getting better at Wrench Attacks.

Some attacks are now worth millions of dollars.

This is why Privacy Coins are so important, and you should never brag about the size of your bags, and never pay for things from a public ledger wallet where people can trace back to see the size of your bags.

  • Wizard@monero.town
    2·
    2 months ago

    i try to use monero for every transaction, and if they dont accept it, i ill use exch.cx to convert it to whatever crypto they do accept and send it out from there bags. May look like i own that or the transaction is coming from an exchange but i really do not own that pool of funds, and maintain my privacy by staying in xmr.

  • g2devi@feddit.nl
    2·
    2 months ago

    As usual, Monero is mentioned as a problem (for criminals) and not a solution (no-one knows your funds). and KYC and CEX are good since the catch criminals.

    Either way, the standard rule applies, always have a decoy account with enough money to be plausible that you can give up. Unlike bank accounts or CEX accounts, decoy wallets are easy and cheap and even if you’re forced to give it up access, you’ll be able to convince the thief and save the rest of your money.