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Armed robbers steal $1.8 million worth of ethereum cryptocurrency

Online theft is common in cryptocurrency however this time it was on gun point

A New Jersey man has been accused for stealing more than $1.8 million worth of ether, the cryptocurrency of the ethereum network. Louis Meza and an associate allegedly held up the victim at gunpoint after luring him into a vehicle, then stole his keys, wallet and cellphone.

Meza then allegedly went to the man’s home, stole items including a ledger, and transferred $1.8 million in ether into his own account

Vance said video surveillance later obtained from the victim’s apartment building showed Meza using the set of keys stolen from the victim to enter the victim’s apartment and then leave the apartment holding a box believed to contain the victim’s cryptocurrency wallet.

“Hackers, data breaches, and fraud aren’t the only threats to an individual’s wealth,” said Vance. “This case demonstrates the increasingly common intersection between cyber and violent crime—the defendant is charged with coordinating an elaborate kidnapping, armed robbery, and burglary to gain access to the victim’s digital wallet and the significant funds it contained. We can expect this type of crime to become increasingly common as cryptocurrency values surge upward.”

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