A tragic and senseless act of violence has put a LocalBitcoins trader at risk in their own home. On July 6ths, two armed intruders came into their home, demanding that the trader give up their cash and bitcoin. The trader was held at gunpoint.
When the trader was first ordered for cash, it did not trigger any kind of idea of what could be going on. However, as soon as they noticed that they requested crypto as well, they realized that they only way that they could be found as a potential victim is by being tipped off. The trader considered that the attackers could be someone that they had recently interacted with through a LocalBitcoins trade.
The trader, who uses USMC1991 as their login, described their experience with a link to the new article that described the event. In their words, they said,
“So this morning I woke up to my burglary alarm going off. I went downstairs to investigate. Two men broke into my house through the basement window and ran up the stairs. One of them pointed a gun at my head and said “I want yah cash and yah bitcoin’ in a Boston accent. I took him into my office and gave him a couple hundred in twenty-dollar bills. He said he wanted my bitcoin, and so I told him I didn’t have any. I then took him down into my basement and opened my safe, which only contained a few hundred dollars in five-dollar bills. After one unsuccessful attempt, I managed to escape out the front door of my house. I ran down the street yelling “CALL 911!’. This prompted them to get out of my house and get back in their car. As I turned around and saw them getting into the car, I approached it and made a mental note of the license plate number.”
According to the claims made by the trader, they had never performed any trades with the attackers, leading them to believe that someone else had urged the robbers to attempt the burglary. They described the robbers as wearing “construction vests,” using the guise of yard work to give them an excuse to stake them out. They even moved some tools around in their yard to make it look like they were working.
In the rest of the description that the user provided, the situation becomes a little scarier.
They said that the robbers,
“ripped off one of my external burglary sirens and cut the internet and TV cables on the outside of my house and on the inside of my basement. They left behind a cigarette, a cell phone, and a bunch of blood drops from where they cut themselves on the glass inside my house. Whoever put them up to this – and it had to be someone, because I had never traded with either of them before – did not exactly send their A-team. In fact, according to the police, the guy who stuck a gun in my face said he was coming down from meth!”
Jameson Lopp, who is an engineer with Casa, brought attention to this case with a post on Twitter, urging other investors to take the time to “review your physical security,” if they hold crypto. He even decided to create a “repository to catalogue physical attacks” for holders of crypto.
He concluded his advice with saying,
“If you don’t have a home security system, get one. If you are legally allowed to have a firearm, and you don’t have one, get one. If you don’t have cameras on the outside of your home, get them. If I had installed my security cameras on the outside of my house, I could have called the police before they even got inside my home.”
Luckily, despite these frightening experiences, the local police managed to capture the assailants. Still, this remains a warning to consumers that participate in cryptocurrencies, who may have a target on them from consumers that want to get rich from the work of others.