Did Robbers Really Make Off with $1.8 Million Worth of Ethereum (ETH)

Two-armed robbers Louis Meza and his associate kidnapped a man and held him at gun point forcing him to surrender his wallet, cellphone and his apartment keys. The two then went into the man’s apartment and stole his digital wallet and later transferred $1.8 million worth of Ethereum to their crypto-currency wallet using the victim’s credentials. However, authorities later apprehended the criminal. He has been charged by a Manhattan District Attorney with robbery, computer tampering, computer trespass, handling of stolen property and kidnapping.

The DA asserted that Meza knew the victim and was also aware that he was holding a large sum of money in form of Ethereum. Meza met the victim on November 4th, forced him to surrender his

wares and then insisted on having him take a cab as Meza took a minivan and headed to the victim’s apartment.

This incident brings a whole new dimension of crypto-crime showing that people can lose their crypto-wealth through physical means in addition to hacking. Initially, bad elements could find their way to online currencies and data through hacking.

With increased security measures making hacking difficult, criminals have resulted to the traditional crude ways of kidnapping and forcing victims to surrender their accounts’ passwords and other details. The DA said that these crimes are likely going to increase as crypto-currencies continue surging upward.

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