Crypto Robbery: How to stay secure

The increasing value of cryptocurrency has unfortunately led to a rise in targeted robberies, where criminals physically coerce victims into transferring their digital assets.

These “cryptomuggings” pose a serious threat, combining the vulnerability of digital assets with the danger of real-world violence. Here’s how to protect yourself:

1. Minimize Your Digital Footprint:

Limit Public Disclosures: Avoid revealing your cryptocurrency holdings or related activities on social media. Criminals use this information to target potential victims.
Privacy Practices: Utilize VPNs, privacy-focused browsers, and be mindful of data shared on cryptocurrency platforms.

2. Secure Your Digital Assets:

Hardware Wallets: Store significant holdings offline in hardware wallets for maximum security.
Strong Authentication: Use unique, complex passwords and enable two-factor authentication (2FA) with authenticator apps.
Phone Security: Do not store large amounts of crypto on a phone that you carry on your person. If you must, use strong passcodes and biometrics.

3. Enhance Physical Security:

Situational Awareness: Be vigilant in public, especially when using your phone.
Vary Routines: Avoid predictable patterns in your daily life.
Transaction Safety: Exercise extreme caution during in-person crypto transactions, preferably avoiding them altogether. If necessary, conduct them in safe, public places and with trusted companions.
Home Security: Implement robust home security measures like alarms and cameras.

4. Develop a Response Plan:

Prioritize Safety: In a robbery, your safety is paramount. Do not resist violent criminals.
Emergency Preparedness: Have emergency contacts readily available.
Duress Wallet (Use with Caution): A small, separate wallet for potential attackers is debated, as it could escalate the situation.

In summary: