: The Scandinavian countries of Norway, Sweden, and Finland have a policy of complete financial transparency, whereby all citizens' financial records are published annually, along with their name, date of birth, and home address.
: The Scandinavian countries of Norway, Sweden, and Finland have a policy of complete financial transparency, whereby all citizens' financial records are published annually, along with their name, date of birth, and home address.
This tradition is driven by a desire for openness and transparency in #cryptocurrencies , but its unintended consequence has been that criminals have obtained a target list that includes wealthy citizens with large amounts of self-stored #cryptocurrency assets. One Norwegian Bitcoiner called the move absolutely insane.
Unlike traditional assets held in banks or stock markets, self-stored cryptocurrencies are easily accessible and their transfer cannot be undone. Because the funds are accessed with a private key controlled by the owner, so-called $5 key attacks, in which criminals use physical violence or threats to force the owner to hand over the key, are relatively easy to steal.
a millionaire was attacked in his Oslo apartment by intruders armed with a sawed-off shotgun. He was attacked and narrowly escaped death. The attacker threatened his life and demanded access to his cryptocurrency holdings.
To save himself, the victim jumped from a second-story balcony, risking serious injury. Despite his injuries, the 40-year-old man survived.
In Sweden, there has been a string of #bitcoin thefts in recent years. On November 8, 2023, the newspaper Aftonbladet reported that four masked men tied up a Swedish couple and attacked them at knifepoint. One of the victims was taken by helicopter to a nearby hospital.
According to Erik Wall, a prominent Swedish bitcoin #miner , in these cases the victims were live streaming podcasts about bitcoin/cryptocurrency or publicly
While the total number of physical attacks is relatively low, the crypto community is concerned that attacks will increase as the number of crypto millionaires increases due to the rising price of bitcoin.
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