Cryptocurrency Millionaire Kidnapped by Biker Gang, Robbed at Gunpoint

Cryptocurrency Millionaire Kidnapped by Biker Gang, Robbed at Gunpoint

Nunez drove the victim around for two hours at gunpoint until he coughed up the location of his 24-word passphrase. Meza, who was caught on surveillance camera, and Guzman, whose head is inked with tribal tats, broke into victim’s apartment where they nabbed his digital wallet and stole $1.8 million, prosecutor James Vinocur said at the men’s arraignment in Manhattan Supreme Court. –NY Daily News

via Antimedia Cryptocurrency Millionaire Kidnapped by Biker Gang, Robbed at Gunpoint

Another downside of cryptocurrency revealed… This supposed type of money is no different than carrying around cash in your pocket, which can then be stolen.