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[–]altmorty[S] 39 points40 points  (21 children)

One victim reported they had been trying to order an Uber near London’s Liverpool Street station when muggers forced them to hand over their phone. While the gang eventually gave the phone back, the victim later realised that £5,000-worth of ethereum digital currency was missing from their account with the crypto investing platform Coinbase.

In another case, a man was approached by a group of people offering to sell him cocaine and agreed to go down an alley with them to do the deal. The men offered to type a number into his phone but instead accessed his cryptocurrency account, holding him against a wall and forcing him to unlock a smartphone app with facial verification. They transferred £6,000-worth of ripple, another digital currency, out of his account.

A third victim said he had been vomiting under a bridge when a mugger forced him to unlock his phone using a fingerprint, then changed his security settings and stole £28,700, including cryptocurrency.

In another case, a victim told police that his cards and phone were pickpocketed after an evening at the pub, with £10,000 later stolen from their account with the investing platform Crypto.com. The victim was using his phone in the pub and believed thieves saw him type in his account pin, the report said.

This stuff is literally what science fiction predicted would happen one day, albeit not involving cryptocoins (few predicted those).

Article claims crypto is a lot harder to recover, so many of the victims may never get it back. People don't always view it as real money, so these crimes may be treated as being less serious.

[–]borez 33 points34 points  (18 children)

One victim reported they had been trying to order an Uber near London’s Liverpool Street station when muggers forced them to hand over their phone. While the gang eventually gave the phone back, the victim later realised that £5,000-worth of ethereum digital currency was missing from their account with the crypto investing platform Coinbase.

This makes absolutely no sense; since when do muggers in London hang around long enough to raid a phone, find the wallet, make the necessary transactions, give the phone back, and then make an easy get away around the city of London - a small area with thousands of cameras and its own specialised police force. And that's an awful lot for a gang of muggers to assume that this person had an easily accessible crypto wallet on their phone with large amounts in the first place. Way too much risk, too many variables to go wrong.

I dunno, not buying it, this whole story smells of BS to me.

[–]Gisschace 7 points8 points  (8 children)

Police in London don't do anything about phone muggings consequently they're super common. Especially around Liverpool St and up to Old St.

This was probably late at night - hence getting an uber from Liverpool St otherwise you'd be getting a tube/train/bus/coach. Victims are told to not bother fighting back and just let them take your stuff because muggers usually have knives on them. And if they were just standing around in a group passersby might not even realise whats going on, and late at night they aren't getting involved.

Police will just take a description and give you a crime reference number but that will probably be as far as it goes

[–]borez 4 points5 points  (3 children)

It's not standard snatch and grab muggings I'm questioning here, sure they happen all the time. It's these so called Crytomuggings. Just makes no sense, too many variables.

The coke deal Crytomugging just sounds made up to be honest. I mean, who would even tell police they were mugged in the middle of a coke deal FFS.

[–]Gisschace 10 points11 points  (1 child)

Someone who’s lost £6000 that’s who, he probably didn’t go to the police saying ‘I tried to buy coke and instead they stole my crypto’. He probably reported the crime and when the police investigated the story of he came to be down an alley with a group of strange men that’s when he told them it was to buy drugs.

It’s probably not a wave and I reckon these are the only four cases but gangs in London are getting really bold as police really aren't doing much to stop them.

I live in a nice suburb part of London and round here they steal catalytic converters. Because they’re getting away with it it’s got to the point where they do it in broad daylight. In one case they stood with a machete at this couples front door after smashing up their ring cam, threatening them not to call the police.

After you’ve threatened grannies with a machete in the middle of the day, stealing crypto off drunk lads is nothing

[–]borez 0 points1 point  (0 children)

I live in W9, aware of the gang shit. Still not buying this though, just doesn't make sense.

[–]tigamilla 1 point2 points  (0 children)

Lol, good point

[–]aesemon 0 points1 point  (0 children)

Best things is the station's main exit faces a police station.

[–]Jazeboy69 0 points1 point  (0 children)

Why do people in London put up with the police not stopping crime?

[–]MeekSwordsman 0 points1 point  (1 child)

So if youre mugging someone late at night in London its just free stuff?

[–]Gisschace 0 points1 point  (0 children)

Yep, if you wear a hoody/mask, rob a deliveroo driver for a moped earlier and dump the bike

[–]Crimsoneer 2 points3 points  (0 children)

It's notable they don't tell you how many total incidents there were... I assume it's all 4 described, which is hardly a "wave"

[–]haraujo 0 points1 point  (0 children)

well, maybe targets are being scouted previously due to information they let "slip" trough investment forums/boards.

according to the OP descprition, many of them were drunk / tipsy / vulnerable - potentially making things easier for the muggers.

[–]tigamilla -4 points-3 points  (0 children)

Agree, this whole story sounds like BS. Loitering around cashpoints waiting for a drunken city worker to reveal his pin followed by distraction and a sneaky £50 taken out, yes.

[–]GameShill 0 points1 point  (0 children)

Wasn't the security and traceability the whole point of the system