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An unidentified cryptocurrency investor living in London lost almost all of his cryptocurrency investments during a robbery. According to the user, armed robbers broke into his home and took around $4 million in Ethereum (ETH).

After the attack, the victim went to X to post about the scam, but deleted the message soon after. The user, known as “Ram”, revealed that the three thieves were armed with machetes and broke into his home.

They surrendered Ram and then forced him to transfer all of his cryptocurrencies to certain exchange accounts. The thieves used companies such as Coinbase, Binance and Kraken, which are investigating the case.

Loss of $4 million in Ethereum

According to Ram’s explanation, the thieves knew where he lived and knew that he had cryptocurrencies, which indicates that the attack was planned. Upon arriving at the house, they forced Ram to open his Ledger wallet and transferred more than $3.7 million in Ether (ETH) to their addresses.

Ram said he was lucky not to be stabbed as the hackers constantly threatened to kill him.

“This just happened – three guys physically robbed me in my house. They were armed with machetes and knew where I lived and that I had cryptocurrencies. I’m still in a state of shock. This is one of the worst experiences of my life”, said the investor.

Etherscan data shows that accounts linked to Ram’s wallet moved 1,098 ETH from one address and 13 ETH from the other. In other words, a value of US$3.77 million considering the current ETH price of approximately US$3,520.

As a result of the theft, Ram’s wallet addresses now contain less than $63,000 worth of cryptocurrencies. Most of the money is in tokens that thieves are unable to steal, including Unibot (UNIBOT), USD Coin (USDC), and FOX.

Incident under investigation at Kraken

Through his tweet, Ram sought the help of blockchain detective ZachXBT and exchanges Binance, Coinbase and Kraken to recover the funds. Influencer and digital asset investor James Crypto Guru revealed that thieves were selling the assets on Kraken through the Bitrefill payment gateway.

In response to James’ tweet, the Kraken support team revealed that they were investigating the situation. If they discover the addresses, the exchange can block the stolen funds. Therefore, Ram may still be able to recover some of the money.

This case is unusual in that the robbery occurred physically, with the thieves going up to the victim and making threats. The fact that they have a lot of information about Ram warns investors about the risk of disclosing how much cryptocurrency they have or disclosing data that makes it easier to locate them.

Finally, online attacks continue to increase. Recently, decentralized finance protocol UwU Lend and tokenization platform Holograph lost $20 million and $14.4 million, respectively.

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