Bitcoin Theft Isn't Reserved For Hackers

While bitcoin theft is typically left to computer hackers, reports of a New York City bitcoin robbery last week prove that cryptocurrency muggings could be a real threat.

A Strange Occurrence

On Friday, CNBC reported that a man was robbed of $1,100 worth of bitcoin in New York after trying to sell the cryptocurrency on Craigslist.com. Not only did the thieves manage to steal a digital currency without having any hacking skills, but the robbery took place at 11:30 a.m. ET on a Wednesday.

Related Link: Have You Met The Bitcoin Booty Girls?

Bitcoin Mugging

The victim, a 28-year-old male, met two men who had responded to his bitcoin ad in a car on a street corner in order to make the transaction. The men then pulled out a gun out and forced the victim to transfer the bitcoins to their wallets via smartphone. The thieves then stole the phone and drove off, leaving the man unharmed.

Not The First Time

This is not the first time bitcoins have been stolen at gunpoint. In January, a bitcoin dealer named Dean Katz was also forced to transfer bitcoins at gunpoint. That robbery took place in New York City, as well.

A Growing Problem?

Many in the digital currency community have said that although muggings like these could become a worry as the technology catches on, bitcoin users should be more worried about staying safe online. Bitcoin robbery in person requires a carefully planned operation, as the thief has to choose a victim they are certain has a bitcoin wallet.