Crypto Holders in Canada Attacked: Fake Delivery Drivers Invade Homes

Recently, robberies targeting rich crypto investors have increased in two Canadian neighborhoods, Richmond and Delta. The local police have alerted the public to the seriousness of these crimes.

The Royal Canadian Mounted Police (RCMP) stated that there have been "several robberies" in these areas. The criminals often pretend to be delivery people or authorities to enter victims' homes. Once inside, they aim to get key information that lets them access the victims' cryptocurrency accounts.

These crimes are not like most cryptocurrency thefts, which are usually online scams or ransomware attacks. Instead, they are physical robberies. Cryptocurrency is typically kept secure in digital wallets, protected by passwords or 12-word seed phrases known only to the owners.

While the police investigation continues, the exact number of incidents and the total amount of stolen cryptocurrency have not been disclosed. However, authorities have noticed a pattern and are exploring possible connections between the cases.

In response to these crimes, the RCMP suggested that crypto investors use safety deposit boxes at banks for storing valuable information. This advice might be surprising for people in the crypto community, who usually prefer decentralized systems and financial independence.

One Bitcoin developer came up with a new way to protect seed phrases. The tool, called BIP39Colors, allows Bitcoin owners to hide their important information using a color sequence. This method makes the data less obvious, providing an extra level of security.

As the investigations carry on, crypto investors in Canada are thinking about how they store their assets and considering additional ways to protect their wealth. The community expects more actions to be taken to secure both digital and physical assets. These home invasion robberies are a clear reminder of the importance of physical security, even for virtual assets.