Many people fear about investing in cryptocurrencies, as they are so volatile and the risk of hacking is so high; however, one of the threats that you might not consider, and are unlikely to associate with virtual currencies is the threat of armed robbers physically stealing your investment. However, this is exactly what happened in Canada, when three armed men stormed in to a Bitcoin Exchange.
Earlier this week, three men, who were all armed with handguns entered a Canadian Bitcoin exchange office in Ottawa, where they then restrained four of the employees. They struck one of the employees, before asking them to make an outbound transaction.
Luckily, a fifth employee could see what was going on from another office called the police, before any such transactions were made, meaning that the robbers left completely empty handed. One of the three men were arrested the next day; however the police released a statement saying;
“Police are looking for two additional suspects, both described as black males…Investigators are also interested in identifying and speaking to a person of interest that was inside the premise as the suspects arrived. That person did not remain at the scene.”
The 19 year old suspect, Jimmy St-Hilaire has been charged with a number of offences; including: 5 counts of robbery with a firearm. 5 counts of pointing a firearm, 5 counts of forcible confinement, wearing a disguise, conspiracy to commit an indictable offence, carry a concealed weapon, possession of a firearm while prohibited, possession of a weapon for committing an offence and possession of a loaded regulated firearm.
The name of the cryptocurrency exchange that was targeted has not been released. Unfortunately, this is not the first time an attack like this has happened. Last month, armed robbers kidnapped a top executive at a UK registered cryptocurrency exchange EXMO Finance, where they stole $1.8million of Ether for releasing him. New York native Louis Meza was charged with kidnapping and robbery, with the police saying at the time that;
“[Meza] demanded that the victim turns over his cell phone, wallet, and keys while holding the victim at gunpoint.”