Crypto Veteran Loses $14,000 After Thieves Steal Unlocked…
By Abdelaziz Fathi
AI summary of the source article
A cryptocurrency investor lost an estimated $14,000 after thieves stole his unlocked iPhone in London. The attackers accessed his crypto wallets, payment cards, and an eToro trading account to execute unauthorized transactions.
Why it matters
The incident shows how physical access to a smartphone can expose financial assets without requiring an attack on an exchange or blockchain network.
Key facts
- Thieves stole an unlocked iPhone from former crypto executive Magnus Ahmad in London on August 8.
- Attackers drained approximately $9,500 from MetaMask and other crypto accounts and incurred nearly $3,000 in unauthorized card charges.
- The thieves opened leveraged cryptocurrency positions on eToro representing nearly $44,000 in notional trading exposure, causing over $800 in losses.
Source excerpt · FinanceFeeds
A cryptocurrency investor lost an estimated $14,000 after thieves stole his unlocked iPhone outside a London bar and accessed multiple crypto wallets, payment cards and trading accounts within hours. The incident shows how physical access to a smartphone can expose financial assets without requiring an attack on an exchange or blockchain network.Magnus Ahmad, a former crypto executive with 15 year…