A crypto thief disguised as a deliveryman stole $11 million worth of digital assets from a San Francisco resident. This adds to the growing number of bad actors drawn to virtual assets amid soaring prices and anonymous transactions.
Crypto Theft Cases Hit New Highs
The crypto community was struck with another infamous incident over the weekend after a man was robbed of his assets. The thief posed as a delivery driver to gain access to his victim’s front door before pulling a gun on the crypto owner.
A police report cited by the San Francisco Chronicle revealed the victim was restrained with duct tape before being forced to hand over his crypto wallet alongside credentials, laptops, and mobile phones.
According to the report, the incident occurred in the Mission Dolores neighborhood, but it didn’t give any recent details on arrests. This marks another major crypto theft this year as figures continue to rise.
When bad actors steal assets, they often create a complex cycle by moving funds through several wallets. Mixers and related services are also deployed to mask transactions, making it harder for authorities to recover the funds.
In certain cases, assets are transferred across borders, prompting collaboration among global authorities. It should be noted that as cases of crypto fraud escalate, authorities have also beefed up measures to trace funds.
This year, United States prosecutors have arraigned multiple suspects in high-profile crypto criminal networks to deter criminals. Global authorities have also followed the same path, launching inter-agency groups.
Despite these efforts, users remain cautious because some bad actors prefer crypto transactions over fiat. Cybercrime expert David Baek explained that identifying suspects is more achievable than recovering assets.
“Authorities move on all three fronts at once: devices, blockchain, and victim profiling, rather than choosing one over the others… In the first 24–72 hours, they’ll push hard on the hardware side… In parallel, they’ll try to identify the exact wallets and addresses involved so blockchain specialists can start tracing outflows in real time,” he added.
In May, French police arrested over 20 people after kidnapping threats heightened. Several crypto executives and their families faced attacks as incidents surged. This month, Russian billionaire Roman Novak and his wife were killed after meeting with people who disguised themselves as investors.
Source: https://zycrypto.com/fake-delivery-driver-steals-11-million-crypto-in-san-francisco-home-robbery/
