BitcoinSpotlight
This Bitcoin Millionaire Nearly Kissed Death by His Crypto Wealth Boasting
Fatir Malik Follow on Twitter September 10, 2019
Facebook Twitter LinkedIn Tumblr Reddit WhatsApp Telegram
With scientific and technological advancements, there's no limit to the access of information. We have for sure destroyed the bridge connecting personal and private data with the general information. Due to this, handling fame and wealth properly in the best manner has become a necessity. Unfortunately, not doing so can prove to be fatal, just like this bitcoin multi-millionaire who had a near death escape as he boasted about his crypto wealth. Although the incident took place in May, details were disclosed recently.
The incident took place at an apartment block in Oslo, Norway. A Norwegian bitcoin millionaire was at his home when suddenly he heard a knock at his door. Despite being quite famous, the millionaire never had any security team and opened the door by himself. To his surprise, he found a man holding a shotgun and standing firm at the other side of the door.
The stranger entered the apartment and threatened the millionaire to lie down or else he would shoot. However, it was unveiled that not a single shot was fired but the victim was successful to jump from the balcony. As mentioned by Local broadcaster:
He ran out onto the balcony and threw himself out from the second floor and ended up on the street. It is unknown whether he was injured during the escape.
Apart from the name of the millionaire, several personal details of the victim have been shared by Local broadcaster TV 2. The millionaire who is said to be in his 40s had been active in the crypto space for almost 10 years. During this time, he was able to capitalize on the gains offered by cryptocurrencies. The account details of the victim confirm his millionaire status. With successful returns from cryptos such as bitcoin, it was estimated that he was able to generate as much as $11.2 million.
READ ALSO: Bitcoin-Yuan Divergence Hits Record – U.S. Tariffs to Blame?
Bitcoin is pseudonymous cryptocurrency where one can easily hide their identity and do trading. World's first truly decentralized cryptocurrency, bitcoin is peer-to-peer digital currency which can't be controlled or supervised by any authority. Therefore, one can easily protect themself from prying eyes of robbers by maintaining a special level of privacy.
Users can use multiple wallet addresses for different transactions to eliminate chances of getting traced. All those acquiring genuine secrecy and privacy in the financial world can easily utilize the anonymity offered by bitcoin. Among many other purposes, privacy is indeed one of the signature feature of bitcoin for users to benefit from.
READ ALSO: Crypto Review: Ripple and Libra, Two Sides of the Same Coin?
At the moment, the suspect is represented by lawyer Benedikte Johansen whereas Pål Sverre Hernæs is acting as the assistant attorney for the multi-millionaire. While Johansen elaborated that his client, the suspect, isn't admitting the crime, Hernæs had refrained from sharing any relevant information. Resisting to comment, Hernæs didn't even confirm the health of his client who jumped out from the second floor. In the hearing scheduled for next month, the final verdict of the case will be announced.
Mentioned before, people's free will along with privacy holds severe significance. As revealing too much of financial status and other details almost turned out to be deadly for a bitcoin user, one should definitely understand the importance of not revealing their wealth to others.
With search engines ruling the internet space and social media websites having access to confidential information, it's not difficult to trace someone. For instance, we are already aware of several bitcoin millionaires and billionaires as they can be easily searched on the internet by anyone. Most of them are popular figures and one can only imagine how easy is it be to locate their residences or business centers.
To avoid the aforementioned mishap, it is advisable to refrain and abstain from sharing information that can be turned against you. If that's not possible, then one should ensure that no weak spots are left. Unlike this crypto millionaire, one should deploy security and other precautionary measurements to at least make one as much unfavorable and hard target as possible.
READ ALSO: Don't Expect Bitcoin Price Spike Anytime Soon, Says Expert
Bitcoin Adoption Norway
Fatir Malik
Electrical engineer by profession, turned into blockchain developer. Fatir contributes regularly with his insights about latest developments in fintech sector. Contact the editor at editor.opinions@blockpublisher.com
Pingback: Smack That US Dollar! Hip-Hop Singer Akon is All Praise for Bitcoin – BlockPublisher
2020 Crypto Market Prediction – Cryptos to Watch Out For
Blow Your Bitcoin Trading With These 9 Mistakes
Severe Opposition Against Facebook's Libra Continues Restlessly
Bitcoin Scammers Tried to Leverage by Representing Her Majesty
Nigerian Crypto Wallet's Alleged Exit Scam Costed Users Loss of $1Million
Crypto Ponzi Scheme Netted $722 Million Worth Funds
Bitcoin Halving Might Not Impact Bitcoin's Price At All
Zilliqa and Elliptic to Drive Institutional Trust
Bitcoin Mining is Capitulating now. What is bitcoin facing now?
Can Photonic Chips save Bitcoin from its Disastrous Future?
Bitcoin Can Be Stopped By Governments! Why? Read what Crypto Expert Has To Say
Why is Bitcoin synonymous with hackers and extortion?
5 Bitcoin T-Shirts That Will Make You Want BTC Like Anything
Cryptocurrency Adoption: A Critical Look at the Mass Market Psyche
Decentralized Bitcoin- A Perfect Fit for the Dark Web
Facebook Twitter LinkedIn Reddit WhatsApp Telegram