The very first UK Bitcoin theft occurred when 4 armed males broke into a house and compelled a crypto dealer to switch a “fortune” in Bitcoin.

The meteoric rise of Bitcoin over the course of 2017 featured numerous constructive results. Lots of people made a great deal of cash, and media and public curiosity in cryptocurrency reached new heights. However, a draw back to such consideration is that criminals now see bodily stealing Bitcoin or cash used to purchase crypto as a viable option to earn a living. A household within the UK discovered this out the arduous means when 4 armed males broke into their residence and compelled the husband to switch his bitcoins.

Terrifying Ordeal
It’s being known as the primary Bitcoin theft within the UK, and it occurred in Moulsford, Oxfordshire, a rich enclave, in the course of the morning hours. The criminals broke into the house belonging to a cryptocurrency dealer and his household.
The criminals had been armed with handguns and carrying balaclavas. They tied up the dealer’s spouse and put the couple’s child outdoors in a pram earlier than forcing the dealer to switch over a “fortune” in bitcoins. (The precise quantity that was stolen has not been disclosed.)
The criminals then fled, and the police manhunt started instantly after. A police helicopter was utilized in an effort to find the hoodlums, however to no avail. Nearby faculties had been placed on lockdown. Police are asking for any digital camera footage that reveals 4 suspicious males within the space in the course of the early morning hours.
One girl apparently noticed the criminals. She describes:
I noticed 4 younger males in black tracksuits with the hoods pulled up, crossing the street to the property the place it occurred. They had been aged 18 to 25, dark-skinned and super-fit. They jumped over the fence on the opposite facet of the street. I didn’t see any gun, however that’s what folks domestically are saying – and that the lads wore balaclavas which I didn’t see both, simply the hoodies pulled up.

Media Hyperventilates on Bitcoin
Fortunately, nobody within the household was injured in the course of the Bitcoin theft. Since the media has no blood and gore to wheeze on about, they’re drudging again up the identical outdated drained speaking factors that Bitcoin is used primarily for illicit means.
Naturally, that is ludicrous because the blockchain is pure transparency. The UK-based cybersecurity agency Elliptic not too long ago launched a report that reveals lower than 1% of all Bitcoin transactions originate for prison causes. Of course, arduous details do little to hinder media hypothesis on Bitcoin and unlawful actions.
While the rise of cryptocurrencies is great, there’s a darkish facet. There’s been numerous latest prison assaults upon people with a connection to crypto. There has been a kidnapping and a number of accounts of robberies during the last month or so. Sadly, such situations are prone to proceed so long as cryptocurrencies proceed to achieve in worth.
Are you nervous concerning the seeming rise of Bitcoin robberies? What will be finished to cease them? Let us know your ideas within the feedback under.

Images courtesy of Pxhere and Bitcoinist archives.
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