Two masked men blocked his motorcycle, cuffed him with plastic restraints, covered his head, and drove him to a two-story building.
He was punched and kicked for close to 30 hours until he gave up the password to his crypto account.
The stop happened at a junction on that route, around 9:35 PM, on a deserted stretch with almost no camera coverage.
They took his Xiaomi phone at the roadside. His villa key was sitting on the motorcycle's dashboard, so they used it to walk into his villa and take a second phone, the one he used to reach his crypto funds.
No arrests so far.
An estimated $4.9M to $5M was taken. They let him out in front of Udayana University Hospital in Jimbaran at 4 AM on July 4.
Full report: https://stats.gart.io/#attack-460
If you handed over everything you can reach right now, what would you still own tomorrow?
Session 4 of our webinar series on digital security covers what makes backups durable, and who can reach your assets when you no longer can.
Gart Webinar: Backup & Inheritance Strategies. Presented by Max (npub1klk…x3vt) Hillebrand from the Sound Money Solutions team.
Wednesday, July 15.
Limited seats.
https://gart.io/event/gart-webinar-backup-inheritance-strategies-11/register