Recent reports highlight a troubling trend of physical violence associated with cryptocurrency crimes, moving beyond digital theft. In New York, two men were arrested for allegedly torturing an individual for his Bitcoin password, while a couple in Connecticut experienced a violent carjacking linked to ransom. Experts suggest that the rapid rise in cryptocurrency value has emboldened criminal activities, with traditional methods like hacking now combined with physical threats and assaults. This alarming shift indicates a dangerous blending of digital and real-world crime dynamics.
While crypto thefts are not new, the use of physical violence is a far more recent trend, said John Griffin, a finance professor at the University of Texas in Austin.
I think this kind of physical violence is a natural manifestation of the emboldened nature of crypto activities, he said. Things that might clearly be outside of social norms... are somehow just part of the game here.
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