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Ethereum News

Indian Hacker Loses 1,112 ETH in London Machete Robbery

He lost 1,112 ETH, which is currently valued at $3.8 million, from two different wallets.

Written By:
Jalpa Bhavsar

Reviewed By:
Dhara Chavda

Last updated: June 18, 2024 7:09 PM
Published June 18, 2024 4:15 PM
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Last updated: June 18, 2024 7:09 PM
Published June 18, 2024 4:15 PM
Indian Hacker Loses 1,112 ETH in London Machete Robbery

In a startling event, three armed men stole approximately 1,112 ETH from Ram, an Indian hacker who made investments in Ethereum on June 17. 

As per the post of Ram, known as @hiddentao on X, three people forcibly accessed his crypto ledger and transferred all his digital assets. This was possible because the assailants knew about Ram’s cryptocurrency holdings and his residential address.

However, he has deleted the tweet and said, “I have been advised to remove my original post whilst an investigation is ongoing.”

Ram, who lived in London, said three people had machetes, but Ram was fortunately not hurt physically. Still, the experience has left him very shaken. Ram has also noted the transaction details from his two distinct wallets, where he followed the robbers’ orders to complete the transaction.

From the wallet “0x5292..” to the wallet “0x8C65..”, the first transaction of roughly 1,098 Ethereum, valued at $3.8 million, has been made. The second Ethereum transaction, valued at approximately 13.45 ETH ($47,000,241), was made from the wallet “0x0d24f..” to the wallet “0xE925.”

On June 17, around 12 PM +UTC, he lost 1,112 ETH, which is currently valued at $3.8 million, from two different wallets. Both wallets, into which the seized ETH was transferred, did not make any further transactions. 

He even urged Binance, Kraken and crypto sleuth ZachXBT to help him crack down the robbers.

This alarming event highlights the vulnerabilities faced by crypto investors and the need for heightened security measures. The incident is a stark reminder of the real-world risks associated with digital asset ownership. 

Also Read: Orbit Chain Hacker Moves $47.7 Million to Tornado Cash

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Ethereum (ETH)India
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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
Follow:
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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