Tuesday, August 20, 2019

First Violent Robbery Of Bitcoin Registered In Taiwan

The Taiwanese police informed today that two men had been assaulted and coerced to transfer bitcoin in the city of Taichung. This occurred after setting up a meeting for selling these bitcoins.

The victim, identified with by the surname Tai, was contacted by the robbers to sell 18 bitcoin. They convinced him to go to Taichung to make a personal buy. Tai then contacted a friend to accompany him to make the exchange. On the site of the exchange, the robbers asked Tai to show his wallet contents. When the robbers saw the wallet account, they assaulted Tai and his friend. Then they made him transfer the 18 bitcoin to another wallet.

But everything went south for the robbers then. Someone called to report the incident and the police were able to catch one of the robbers onsite. Two of them escaped, only to be detained later. No comments were made about if the bitcoins we’re returned to Tai.

These kinds of incidents reinforce the figure of online exchanges with escrow systems as the most secure way of making sales.

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