News

Tortured For Bitcoin: South African Man Experiences Hell

A South African cryptocurrency trader had one of the worst moments in all his life. He was invited to do a cryptocurrency presentation in a house. But the thing took a turn for the worse. He was attacked and tortured for bitcoin by a group of people. A lesson for all those who brag about cryptocurrencies publicly.

Tortured For Bitcoin

A man just known by the name of Andrew was tortured for bitcoin in South Africa. The man is a cryptocurrency trader who was invited to do a presentation on a particular house. But he only knew the man that organized the meeting by facebook. Nonetheless, the man went to the reunion with six people, but it was going to be the worst day of his life.
Tortured For Bitcoin: South African Man Experiences Hell
The six people had organized the meeting were all in a conspiracy to kidnap Andrew and get him to transfer his cryptocurrency to them. So Andrew was drugged with an unidentified substance and he was transported to another undisclosed location. Here things started getting worse for him.
He was assaulted by four unknown men that bet him and asked him for his wallet information to transfer their cryptocurrencies to him. They burned him with a hot iron and also said they would kill him if he did not give them the information. Andrew folded and transferred his cryptocurrency to them, after being tortured for bitcoin and burned.
After this, he went to a nearby hospital to get some care for his wounds, after being dropped in a road naked.

Never Brag About Crypto

Having cryptocurrencies makes people the best target for a kidnap, and that is why a Google executive called Mark Risher has recommended not to brag about your cryptocurrency holding online or in real life. Hackers and scammers are really over this kind of information. This kind of date lets them know who possess crypto. This permits them to plan their attack with more convenience. But not also online.
Tortured For Bitcoin: South African Man Experiences Hell
Cases like these highlight the importance of discretion and secrecy when dealing with digital assets in public. Hackers are not the only ones that can hurt you by stealing your coins. Common thieves and organized groups can also target you. Like Andrew, who only went to give a cryptocurrency talk and some friendly investment advice and got kidnapped. Expect these type of crimes to keep rising due to cryptocurrencies being more and more popular by the day.

Related posts
BitcoinBitcoin NewsFeaturedGrayscaleNews

Grayscale’s Parent Company DCG To Buy $250 Million In GBTC Shares

Digital Currency Group (DCG), the parent company of the world’s largest Bitcoin trust, Grayscale Bitcoin Trust (GBTC) has announced plans to buy a quarter million worth of shares of GBTC. DCG will purchase the shares on the open market through…
AdoptionBitcoinBTC Trading ViewNewsTrading View

Digital Currency Group to buy GBTC shares

Parent company of Grayscale Investments, Digital Currency Group (DCG) today announced its plans to purchase shares of Grayscale Bitcoin Trust for up to $250 million worth of shares of GBTC. DCG intThe post Digital Currency Group to buy GBTC shares…
BitcoinBTC Trading ViewNewsNews 1TechnologyTrading View

Bitcoin and tech stocks: how one can affect the other

Founder of Mobius Capital Partners, Mark Mobius confessed his “fears” of the decline of the price of Bitcoin. The emerging markets fund manager thinks Bitcoin prices can especially have a negativeThe post Bitcoin and tech stocks: how one can affect…