Bill The Investor|3月 05, 2026 08:06
A trader was physically attacked and robbed of $4 million. The promises of "decentralized finance" and "wealth freedom" made by cryptocurrencies are vulnerable in the face of reality. When you walk down the street with a few million dollars in wealth, you are as fragile as an ordinary wealthy person - even more dangerous, because no one knows what you are carrying.
From the hardcore data, this is not the first time that cryptocurrency traders have been physically attacked. In 2022, a British cryptocurrency investor was kidnapped and forced to transfer £ 2 million. In 2023, a senior executive of a South Korean exchange was attacked at home. The commonality of these cases is only one: the kidnappers knew the target had money, but did not know where the money was - so they directly targeted the person.
From specific examples, the probability of traditional banks being robbed is much lower than that of cryptocurrency traders. Because banks have security, insurance, and legal protection. What do cryptocurrency traders have? There is only one mobile phone and one wallet address. When you flaunt your wealth to anyone, you are issuing a death notice to yourself.
Counter intuitively, it is precisely this physical risk that proves the 'original sin' of cryptocurrency. The government's claim that encryption is a tool for money laundering and criminal activities is not without reason. When you hold a large amount of untraceable assets, you are the target of criminals - it has nothing to do with security, it has to do with exposure.
From a macro perspective, such events will give regulators more reasons to 'protect the public'. Every physical attack becomes a cited case in congressional hearings. And then? Then the cost of ordinary people speculating on currency becomes increasingly high, and the space for institutions to speculate on currency becomes larger and larger. This is the reality: while you are protecting yourself, regulation is on its way.
So the ultimate question is: Do you choose to hold cryptocurrency assets in fear, or do you choose to switch assets to traditional finance? Share your opinion in the comment section - What is the cost of the "freedom" of encryption?
Would you choose to continue holding encryption or switch to more secure traditional assets? Will this physical risk affect your investment decision?
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink