Crypto thefts are increasing which should make know the reason privacy is very important. According to police, this happened in November of last year. They were three teens which kidnapped someone who just finished hosting a crypto-related event in downtown Las Vegas. They told the person that they have also kidnapped his father as they want him to give them his account password.
And some people expect us to promote Bitcoin in our community, knowing fully well the government does not guarantee you security. Just imagine a person with such an amount worth of crypto, falling a victim, then what would be the fate of those that don't even have up to 10%. We have too many hungry and lazy people in our society, and they see people's hardwork as a better means of survival. But at the same time, our level of confidentiality and privacy will play a big role in our financial security.
They stole $4 million worth of coins and NFTs from him. Two of the teens has been arrested while one was said to have been out of the country. One of the two arrested was bailed with $4 million while the second person was given house arrest. A preliminary hearing is scheduled for June, with both teens set to be tried as adults.
Bail of $4 million?, that's literally equivalent to what was stolen, and not even up to his own share of the money, if the stolen amount was to be shared evenly. How do people get such courage to steal such an amount. And I guess the next trial will be for the kidnapping. Quite a sad one.