Zaryn Dentzel, the founder of the popular mobile virtual network operator Tuenti, has had his bitcoins stolen, according to a recent report. The crime transpired in his house after a group of five perpetrators broke in and tortured him for his password containing the BTC wealth.
- As reported by El Espanol on November 3rd, Dentzel, who has lived in Spain for years, was in his house in Madrid with a friend and a maintenance worker when the doorbell rang.
- Once he opened the door, several people entered with hoodies and masks hiding their identities, covered the in-house security cameras, tied Dentzel up, and sprayed him in his eyes.
- The actual assault began shortly after when the perpetrators repeatedly beat Dentzel for hours. After being cut and electroshocked, the victim finally gave in and confessed the password of his bitcoin account.
- In it, Dentzel told the local authorities that he had “millions of euros” worth of the primary cryptocurrency.
- The perpetrators also swiped laptops, phones, and tablets before they eventually fled the scene.
- According to the attackers’ accents, early police estimations suggest that they could have been from Eastern Europe.
- Such incidents highlight the importance of investors taking extra steps to protect their digital wealth, as the narrative “not your keys, not your bitcoins” is not enough here.
- Multi-signature devices could be a solution as investors can add two or more private keys to sign and send a transaction. This could enhance security, especially if the private keys are stored in different geographical locations.
- For additional securities tips on how to keep your bitcoins safe, check out our detailed guide on the matter.
Featured Image Courtesy of VoxPopuli