in London the number of aggression explodes!

Cases of cryptocurrency extortion are on the rise in the business districts of the British capital. Thieves use physical threats to grab the phones of passers-by and transfer the cryptocurrencies stored on them to their own wallets.

Assaults that steal tens of thousands of books

It’s a brand new modus operandi now circulating in the streets of London, where your iPhone is no longer stolen, but your passwords are the target of robbers. This was reported by the British newspaper The Guardian with reference to a police report in the famous business district. He talks about a wave of “cryptographic attacks”.

Modus operandi is simple: Thieves attack physical passers-by in the financial center of the British capital, where six-figure wages are the norm. Attackers are forcing their victims to unlock their phones, access the victims’ digital wallets and transfer their cryptocurrencies to their own “wallets”. In all, thousands of euros of cryptocurrencies would be stolen, according to The Guardian.

Some have lost more than 27,000 pounds, or about 35,000 euros. A victim testified to having lost £ 5,000 or € 5,900 when she tried to order an Uber. The attacker would have stolen his phone, emptied his Coinbase wallet before returning his phone. Another man was found to have been robbed of £ 6,000 or € 7,000 during one of the raids. When he agreed to follow a group of people offering him cocaine, they pinned him to a wall and forced him to unlock his phone using face recognition.

Bad public habits involved

British police say the wave of “crypto attacks” sweeping through London is largely due to the irreversibility of cryptocurrency transfers and the ruthlessness of many Londoners. In an attempt to crack down on these crimes, London police are seeking more training in encryption and cybercrime in order to combat these threats.

“If I get robbed and they force me to make a bank transfer, the bank can track where the money went and there are different ways to undo the transaction. But if money is transferred from one cryptocurrency wallet to another, there is no way back, ”said David Gerard, author of Attack on the 50 Foot Blockchain.

For Phil Aris, the head of the cryptocurrency team for the National Council of Chiefs of Police’s Cybercrime Program, there is an urgent need to train police officers while educating the public about the risks of opening our cryptocurrencies and our cryptocurrencies on the street. Holders of cryptocurrency should exercise caution as the amount of stolen or potentially stolen money is very large.

One of the problems that these new attacks and thefts raise is the security and availability of cryptocurrencies on mobile phones. “One does not go down the street and count a stack of 50 pound notes. Crypto assets should follow the same logic,” concluded Phil Aris, director of the cryptocurrency team for the National Commission of Chiefs of Police’s Cybercrime Program.

These new types of thefts pose a major challenge to police, but they must be able to count on the help of crypto users. They are asked to reduce their use of their crypto wallets or outdoor trading platforms to limit their exposure as much as possible.

Cryptocurrencies are becoming more and more common and attract thieves, whether it is through hacking or now physical attacks. The solution may be that his phone can not access the amounts. As under duress and pain, all advanced safety precautions will be useless. For example, physical purses can be a solution to prevent these thefts.

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