Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Physical Attacks getting more serious
by
Jaycee99
on 18/02/2021, 22:43:16 UTC
List of known attacks against people who own Bitcoin and crypto assets are getting bigger every day, as we can see in Jameson Lopp github page.
Who knows how many similar unknown attacks are happening all the time but they never got published for various reasons, maybe victims are scared, they don't want publicity and they just never report the crime.
It would be a good idea to go through this previous cases and learn from their examples how to avoid getting attacked for owning Bitcoin.

Only this years there was four known attack on people, two of them happened in Hong Kong, and other two happened in Europe, one in Poland and other one in Sweden.
Depending on your location in the world someone could attack you for $100 or $1M worth Bitcoin, just like people got attacked for fiat currencies all the time and with rise of Bitcoin popularity this attacks will probably increase.

Famous people who own Bitcoin are at much higher risk to become victims of this attacks so they care much more about their security and they use multisig, multiple wallets, different locations for backups so that even them alone can't recover all their bitcoins even with gun pointed in their head.

What can regular people do to reduce this risk?

- Never talk in public how much Bitcoins you own, or maybe don't even say that you even own any Bitcoin.
- Try not to reveal your private information with various KYC procedures, or for ordering any crypto related stuff like hardware wallets.
- Don't keep all your Bitcoins in one wallet address and use multiple decoy wallets with small amount of coins.
- Use better security for your seed backups.

Do you think it is important to keep somehow private the fact that you own Bitcoin and crypto or you should talk everyone about it?

These tips or suggestion you made for regular people do to reduce this risk are already common I think by now people should not do it

1. I am one of the middle class or regular people but I already know about it that I will not inform everyone I will never talk how much I own.
 Still, If I am rich and part of the regular people there will be someone or some institution who will ask me and call me if I can announce how much money or bitcoin I bought if this information was given out without my information I can go to court and have them arrest fo it.

2. This try not to reveal any private information of yours.

Who will reveal there private information?  to some sranger unless te