News - Crypto-CEO resigns after armed robbery
Not only online or on-chain can one become a victim of crypto crimes. There is also risk in the physical world, as one company's CEO recently discovered.
Nick Drakon, CEO of crypto research and education platform Revelo Intel, has resigned after he said he was the victim of a robbery.
According to one of his tweets he was threatened with a weapon by unknown persons and forced to transfer personal, corporate and investor funds in the form of crypto.
"I was recently targeted by a highly organized group, which followed and robbed me," Drakon wrote in his Sept. 5 message.
He added that the thieves stole his personal money, Revelo's working capital and profits, as well as funds from the company's investment department. The thieves also reportedly threatened his wife and his eight-month-old son.
According to Drakon, there are "some indications" that individuals from the immediate business environment played a role in the robbery. However, he decided not to disclose further details so as not to impede ongoing investigations.
Although crypto-crime is usually online, even affluent or well-connected individuals regularly fall victim to fraud, extortion and physical violence.
Drakon admitted to making "serious mistakes" that made him a target and apologized to the members of Revelo Ventures who lost money because of the robbery.
There are now many digital options available to secure your crypto assets, but most hodlers are on their own when it comes to physically protecting their assets.
Therefore, in addition to getting hardware wallets and security software, it is important to take care of your personal safety if you are active in the crypto world. For example, it is wise not to flaunt your crypto assets on social media or wear clothing in public that refers to crypto.