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Two gunmen targeted a man who was trying to buy digital currencies in a Trinidad parking lot and fled with about $85,800, adding to a series of attacks on digital currency holders.
The victim and his partner were preparing to complete the deal when two masked assailants surprised them, stole money and mobile phones, and fled, while investigations are ongoing, Trinidad and Tobago Newsday reported.
The danger of attacks targeting digital currency holders escalates:
Recent reports indicate an increase in brute force attacks aimed at stealing digital currency wallets through coercion.
In a recent Canadian court ruling, he detailed a brutal attack in 2024 that included torture and sexual assault to steal Bitcoin.
CASA’s Jameson Loeb has documented more than 60 similar attacks this year.
In other incidents, a San Francisco man was forced at gunpoint to hand over a digital wallet worth $11 million, and Russian currency expert Roman Novak and his wife were killed after being lured by fake “investors” in the UAE.
Security experts warn that attacks are no longer just digital crimes, but have turned into organized physical violence.
Cybercrime consultant David Sihyun Baek explained that attackers use network analytics and artificial intelligence to track victims and their financial behavior, stressing that the line between the digital and physical worlds has become more fragile and that these attacks are carefully planned based on accurate data.
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