We have reached the “severed fingers and abductions” stage of the crypto revolution

Discussion in 'privacy technology' started by stapp, May 8, 2025.

  1. stapp

    stapp Global Moderator

    Joined:
    Jan 12, 2006
    Posts:
    27,539
    Location:
    UK
    https://arstechnica.com/security/20...nd-abductions-stage-of-the-crypto-revolution/
     
  2. Palancar

    Palancar Registered Member

    Joined:
    Oct 26, 2011
    Posts:
    2,519
    Let me just say it here ------- loose lips sink ships. My actual friends don't know I have any crypto understanding. I would like to keep all ten fingers, LOL!
     
  3. ronjor

    ronjor Global Moderator

    Joined:
    Jul 21, 2003
    Posts:
    178,551
    Location:
    Texas
  4. ronjor

    ronjor Global Moderator

    Joined:
    Jul 21, 2003
    Posts:
    178,551
    Location:
    Texas
    Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers
     
  5. ronjor

    ronjor Global Moderator

    Joined:
    Jul 21, 2003
    Posts:
    178,551
    Location:
    Texas
    NYC crypto trader accused of Italian man’s kidnap, torture threatened to kill his family to get Bitcoin password: prosecutors
     
  6. Palancar

    Palancar Registered Member

    Joined:
    Oct 26, 2011
    Posts:
    2,519
    I think I'll keep self custody/privacy and only transfer small amounts as needed to my public exchange. With a little ingenuity you can figure out of way to have the address "wrong" in their database. Wow that database leak presents an insane risk to someone that isn't into self custody and stores a few BTC there. Hell its over 100K for every single coin now. People will do bad things for a few hundred K or more. Yikes!!
     
  7. emmjay

    emmjay Registered Member

    Joined:
    Jan 26, 2010
    Posts:
    1,658
    Location:
    Triassic
    https://www.cbsnews.com/news/crypto-wrench-attack-bitcoin-kidnapping-nyc/
     
  8. Palancar

    Palancar Registered Member

    Joined:
    Oct 26, 2011
    Posts:
    2,519
    Other than obviously staying off the radar there are some things to mitigate (I should probably stop posting). Hidden wallets using totally different passwords and such BUT using a few decoy wallets that can be turned over due to a $5 wrench. The bad guys will ALWAYS assume you have multiple wallets so you are going to get "hit" either way looking for more $$ ---- more coins. Truth even when you do disclose all your coins they will still think you have more. Someone may have mentioned above but use of multiple access credentials can be a good and bad thing. e.g. - For your larger cold wallets (those are funds you are storing but not using for now) you could lock a needed key inside your bank deposit box. No amount of $5 wrench will get them access to that key middle of the night no matter what they do to you or a loved one. Maybe have an attorney hold a needed "key" with explicit instructions that you be provided that key ONLY with direct physical presence before him/her. If I owned crypto I would not allow the complete decryption keyset to be present in my home. There would be required off premises access "components" and the acquisition of those could not happen online.
     
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.