Crypto Muggings Are on Rising in London: Report

According to The Guardian, Crypto muggings are on the rise in London as robbers target phones to obtain access to digital riches. According to the story, authorities have warned that a surge of “crypto muggings” targets digital currency speculators. Thousands of pounds worth of digital assets have been stolen from victims after their phones have been taken. Some London Muggers Are Reportedly Targeting Crypto Investors’ Mobile Phones | Cryptoglobe https://t.co/P57AtKMjGu — Moonboy🤑⚡️ (@mc_verhelst) May 14, 2022 The Guardian examined several anonymized City of London police crime files, which revealed that criminals are targeting phones to access digital assets. One victim said muggers forced them to hand over their phone while attempting to hail an Uber near Liverpool Street station in London. After snatching over £5,000 in Ethereum from the victim’s Coinbase account, the muggers eventually returned the phone. Another story involved assailants pinning a victim against a wall and forcing her to unlock a smartphone app using facial recognition. The muggers then took £6,000 from the victim’s account in XRP. According to David Gerard, author of Attack on the 50 Foot Blockchain, Crypto muggings are more troublesome than bank transactions because of their persistence. He told “If I get robbed, and they force me to make a bank transfer, the bank can trace where the money has gone, and there are all sorts of comebacks. You can reverse...