On Saturday morning, someone posing as a delivery worker broke into a San Francisco home, tied up the homeowner, and stole 11 million in crypto.
I don't think American crypto holders are ready for what's coming in terms of targeted theft/kidnapping/extortion using personal data leaked by both users themselves and companies with poor data handling (*cough coinbase *cough).
You got people STILL posting shit like what city you live in, what car you drive, stuff about your kids, when you are on vacation, etc.
Even little details can get you fucked.
That's fine if you have say, less than 10k in crypto on transparent chains, you might be ok.
Anything more than 10k is quite attractive for gangs of semi computer savvy youngins with no moral compass and no money to speak of. Especially with the economy going down the toilet and AI fixin' to drain all the job openings.
Just don't be surprised if you ever find yourself getting your ass beat until you give up your keys.
It has already started to happen in America and it's only going to get worse.
It's never too late to start protecting yourself. Storing your wealth on privacy chains such as Monero or shielded Zcash where a rando with a block explorer can't track down your balances is a good start.
Tax loss harvesting might be a good opportunity to rearrange your funds to be more private. Say you are underwater on an asset in a wallet linked to your name in some way. Sell the asset, write the loss off of your taxes, then redeploy the cash in a non kyced wallet by purchasing crypto p2p.
Criminals will just see that you once had crypto, and you sold it. They aren't interested in your bank account $$$, they want crypto that can be sent out of your wallet and can't be clawed back.
Something to think about. NFA
#privacy #bitcoin #security
https://x.com/lopp/status/1992928658693271867
