🚨 Breaking news update 🚨
⚠️ Bitcoin Owners Targeted by Alarming Real-World Extortion Tactics
A disturbing trend has emerged where cryptocurrency holders are being subjected to violent extortion methods to access their digital assets. In a recent case in New York, Italian Bitcoin millionaire Michael Valentino Teofrasto Carturan was allegedly kidnapped and tortured for nearly three weeks by two men seeking his wallet password. The ordeal included beatings, electric shocks, and threats, highlighting the dangerous intersection of digital wealth and physical coercion.
Experts warn that such "wrench attacks"—where physical harm is used to force access to cryptocurrency—are on the rise globally. These attacks are often facilitated by data breaches, social media exposure, and insider information from exchanges. For instance, Coinbase recently suffered a breach affecting nearly 70,000 users, exposing sensitive information.
To mitigate risks, cryptocurrency holders are advised to minimize their digital footprint, avoid flaunting wealth online, and utilize multi-signature or cold wallets for better protection. The surge in crypto extortion underscores the critical need for stronger personal and digital security as the digital wealth landscape increasingly intersects with real-world threats.
👉 🤵According to Investopedia.com 🙊
