This Crypto Investor Lost Nearly $4M in Ethereum (ETH) to Armed Robbers

A London-based cryptocurrency investor lost almost all of his digital asset investments to armed robbers after being physically attacked at his home.

And X mail The victim, named as Ram, revealed that the three robbers were armed with machetes and forced him to transfer all his cryptocurrencies to certain accounts.

Investor loses $4 million worth of cryptocurrencies to thieves

According to Ram, the thieves were aware of his residence and knew he had cryptocurrencies. Upon arriving home, they forced him to open his Ledger wallet and transferred over $3.7 million in ether (ETH) to their addresses. Ram said he was lucky he was not stabbed.

“This just happened – 3 men physically robbed me in my home. They were armed with machetes. They knew I had cryptocurrencies and knew where I lived… and I'm still in shock. This is one of the worst experiences of my life,” the cryptocurrency investor said. .

Data from Etherscan shows transactions he moved 1,098 ETH from one address and 13 ETH from one address last. With Ethereum commerce At around $3,400 at the time of writing, the stash has a combined value of more than $3.77 million.

Due to the theft, Ram's wallet addresses now contain less than $63,000 worth of crypto assets, including StakeWise (SWISE), Unibot (UNIBOT), USD Coin (USDC), Staked Aave, and FOX.

Kraken investigated the incident

Through his tweet, Ram sought help from ZachXBT and cryptocurrency exchanges Binance, Coinbase, and Kraken to recover the funds. Digital asset investor and influencer James Crypto Guru revealed that the thieves were selling assets on the Kraken platform through the Bitrefill payment gateway, flagging the exchange's support team to look into the matter.

In response to James' tweet, Kraken's support team revealed that they are investigating the situation; Hence, Ram faces the possibility of recovering some of his stolen assets. Ram's experience highlights the importance of investors remaining silent about their cryptocurrency holdings.

While offline cryptocurrency thefts are rare, online attacks have remained on the rise. Recently, DeFi protocol UwU Lend and multi-chain tokenization platform Holograph lost $20 million and $14.4 million, respectively, after attackers exploited vulnerabilities in their smart contracts.