A gang of four armed raiders held up an English Bitcoin trader at gunpoint. He was forced to transfer a large sum in Bitcoin. I believe this is the first such event in England, but not the first in the world.
http://www.dailymail.co.uk/news/article-5322171/Pictured-barn-raiders-committed-bitcoin-robbery.htmlHow can we protect ourselves against this? Some thoughts occur to me.
Transfer the coins into a timelocked wallet controlled by me. But would that provoke a physical resction from the raiders.
Time lock the transfer into their requested wallet.
If the stolen coins are run through a mixer, could I sue the mixer because he was profiting from the proceeds of crime.
Has anybody got any other ideas?
I have no idea what legal consequences this could result in for a mixer, but generally speaking the best way to defend against this is to not be known to have a large amount of coins. Either that or take appropriate steps to secure your house. A barn does not sound very secure and for someone holding 800k I would at least expect walls, gates and CCTV or in other words physical protection that can not be merely kicked in. Additionally if its for long term storage to require a second signature would make sense, e.g. by keys held on a different device in a different location. This might secure the coins, but not necessarily your life. Depending on the level of knowledge the robbery have of bitcoin, they might not grasp the concept and assume you try to bullshit your way out of the situation. Im also not entirely sure to whom the baby belonged. Did they hold it hostage or they come with their family? They might be willing to take you with them for some time to wait off a time lock.