Founder Of Tuenti Was Tortured To Reveal His Bitcoin Private Keys

The founder of Tuenti, a popular mobile virtual network operator Zaryn Dentzel was beaten up by five perpetrators in order to steal his bitcoin private keys, essentially stealing millions of euros worth of BTC as we are reading more in our latest bitcoin news today.

Zaryn Dentzel, the founder of Tuenti, had his bitcoins stolen according to a recent report and the crime happened in his house after five perpetrators broke in and tortured him for his password that contained the BTC wealth. Dentzel lived in Spain for years and he was in his house in Madrid with a friend and a maintenance worker when the doorbell rang. When he opened the door, five people entered with hoodies on and hid their identities, spraying Denztel with something in his eyes, tying him up, and covering the security cameras.

The actual assault happened after they beat him up for hours and eventually cut him and electroshock him which led to him finally giving up and saying his password out loud. He then told local authorities that he contained millions of euros worth of Bitcoin. The perpetrators also stole laptops, phones, tablets, and other electronics before fleeing. According to the attacker’s accent, the police suggest that they might have been from Eastern Europe.

These attacks only highlight the importance of investors in taking extra steps to protect their crypto wealth. Multi-signature devices could be the right solution as the investors are able to add two or more private keys to sign and to send a transaction which could enhance security in cases if the private keys are stored in different locations.

Speaking of fraudulent actors, The alleged kimchi premium scammers center stemmed from the North Jeolla Province in the southwest of the country where more than 470 victims seem to be sucked into the scam with the police estimating a total of $1.87 million was invested. The North Jeolla branch of the National Police Agency’s Cybercrime Investigation Unit announced that it arrested three people including a man in the 50s on charges of violating fraud and economic crime-related acts.
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Officers said that it started to investigate after getting more than 38 complaints and found that the company thought to be at the center of the scam was a ghost company with no-real world physical presence.