June 29th, 2024

A violent gang's ruthless crypto-stealing home invasion spree

A gang led by Remy Ra St. Felix committed violent crimes to steal cryptocurrency savings, using coercion, assaults, and kidnappings across four US states. Despite limited success, they made millions through hacking.

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A violent gang's ruthless crypto-stealing home invasion spree

A gang led by Remy Ra St. Felix engaged in a violent crime spree targeting victims for their cryptocurrency savings, resulting in assaults, torture, and kidnappings across four US states. The gang used physical coercion, including threats, beatings, and torture, to force victims to transfer their crypto holdings. Despite their efforts, the gang only managed to steal a six-figure sum from one elderly couple, while making millions through traditional hacking methods. The gang's origins stemmed from SIM swapping attacks in 2020, evolving into violent home invasions by 2022. The group's tactics included breaking into homes, holding victims at gunpoint, and inflicting physical harm to extract crypto account details. Despite several failed attempts at extortion, the gang continued to target individuals with significant cryptocurrency holdings. The gang's activities highlight a disturbing trend of in-person crypto thefts driven by the attractiveness of crypto as a valuable and easily transportable asset. The case represents one of the most severe instances of crypto-focused serial extortion prosecuted in the US, underscoring the dangers posed by criminals targeting individuals for their digital assets.

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By @andyp-kw - 5 months
It seems that not advertising your wealth is good financial literacy.

Similar to not having valuables on show in a parked car.

By @JudasGoat - 5 months
By @narrator - 5 months
One thing that's left out of the privacy debate is that lack of privacy can lead to being targeted by organized crime. There should be more of a focus on hiding information that make people targets of extortion or harassment.

This targeting I think is why everyone in the crypto world likes to use pseudonyms, which gives it a bit of a goofy culture because everyone has to make up a personal anonymous brand.

By @littlestymaar - 5 months
I've been wondering for a long time how on earth have not Vitalik (or any prominent blockchain nouveau riche) been abducted by a drug Lord or North Korean spy already.

It's without doubt the easiest way to make a hundred million dollars with violence.

By @aintnolove - 5 months
What a nightmare. I don't live in a city anymore, so the best police response I can hope for is 15 minutes. That's why I bought a gun. Here's a guide I wrote for potential first time buyers: https://peerpad.net/#/r/markdown/ELCNLYqetgW1jCwNp15gNfW5dWv...
By @lambdaone - 5 months
XKCD saw this coming a long way off: https://xkcd.com/538/

See also https://github.com/jlopp/physical-bitcoin-attacks/blob/maste... , with examples dating all the way back to 2014.