Shiba

Pyramid

Major

Coin

In Thailand, a Ukrainian cryptocurrency trader named Mr. Leibov recently fell victim to a violent robbery that underscored a growing trend of crypto-related crimes spanning both digital and physical dimensions. The trader lost 250,000 USDT after being ambushed, in what law enforcement officials describe as an increasingly prevalent type of crime involving cryptocurrencies. 
<h2 class="p1" id="ukrainian-crypto-trader-robbed-in-thailand-amid-surge-in-physical-crypto-crimes">Ukrainian Crypto Trader Robbed in Thailand Amid Surge in Physical Crypto Crimes</h2> 
The attack occurred when Mr. Leibov entered a hotel room where he expected to meet a friend. However, the meeting turned into a brutal ordeal as masked assailants attacked him in the bathroom. He was restrained using ropes and cable ties while facing threats from a hammer and knife. Under duress, the attackers forced him to transfer over 8.5 million baht worth of cryptocurrency, amounting to approximately $244,000, from his <a href="https://insidebitcoins.com/buy-cryptocurrency">digital wallet</a>. 
Thai authorities acted quickly in response to the incident, arresting four suspects within days. Police investigations revealed that one of the suspects had previously been a customer of Leibov’s <a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-exchanges">cryptocurrency services</a>. This detail pointed to a premeditated attack driven by inside knowledge of the trader’s digital assets. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A Ukrainian man told police he visited a friend's room on this southern tourist island and was forced to transfer cryptocurrency worth more than 8 million baht to a group of armed men. 
 Listen to the story or get the full story in the 1st comment.<a href="https://twitter.com/hashtag/ukrainian?src=hash&amp;ref_src=twsrc%5Etfw">#ukrainian</a> <a href="https://twitter.com/hashtag/tourist?src=hash&amp;ref_src=twsrc%5Etfw">#tourist</a> <a href="https://twitter.com/hashtag/phuket?src=hash&amp;ref_src=twsrc%5Etfw">#phuket</a>… <a href="https://t.co/CWIOhV37pw">pic.twitter.com/CWIOhV37pw</a> 
 — Bangkok Post (@BangkokPostNews) <a href="https://twitter.com/BangkokPostNews/status/1855555479537414450?ref_src=twsrc%5Etfw">November 10, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
&nbsp; 
<h2 class="p1" id="the-rise-of-crypto-related-crimes">The Rise of Crypto-Related Crimes</h2> 
This case highlights a rising wave of crimes involving cryptocurrencies in different forms. Data from the Federal Trade Commission shows that approximately $65 million was lost to Bitcoin ATM schemes in the first half of 2024 alone. In addition to physical crimes, there are mounting cyber threats targeting cryptocurrency users, including the use of “<a href="https://www.einfochips.com/blog/clipper-malware-what-is-it-and-how-does-it-impact-android-users/">Clipper malware</a>” that alters wallet addresses during transactions. 
The increasing focus on the cryptocurrency industry by criminal groups has become evident, with both traditional criminals and highly organized cybercrime rings targeting the sector. Among these groups is North Korea’s notorious Lazarus group, which has reportedly expanded its operations to include targeting crypto firms through sophisticated phishing schemes. 
Globally, cryptocurrency-related crimes have escalated significantly. In the first half of 2024, over $1.38 billion was stolen through crypto hacks, more than doubling the $657 million reported during the same period in 2023. This surge is attributed to a few large-scale attacks and the rising value of cryptocurrencies, which have made the sector more attractive to cybercriminals. Additionally, the prevalence of scams like “<a href="https://www.investopedia.com/pig-butchering-scams-8605501">pig butchering</a>,” where victims are deceived into fraudulent investments, has contributed to the increasing financial losses in the crypto space. 
<h2 id="shiba-shootout-a-rising-dog-themed-meme-coin-with-a-p2e-ecosystem">Shiba Shootout: A Rising Dog-Themed Meme Coin With a P2E Ecosystem</h2> 
Shiba Shootout (SHIBASHOOT) has emerged as a fresh entrant into the meme coin market, bringing multiple utility features inspired by a Wild West motif. <a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">Set in the lively digital town of Shiba Gulch,</a> the project introduces unique characters such as Marshal Shiba and the Shiba Sharpshooters, creating an immersive community-oriented environment. 
Marshal Shiba serves as the community’s central figure, sporting a cowboy hat and wielding a blockchain lasso. He leads the Shiba Sharpshooters, who engage in community-driven challenges, share memes, and experience the dynamic digital landscape of Shiba Gulch. The project’s focus on fostering a strong, engaged community highlights its unique approach within the meme coin space. 
A key utility aspect of Shiba Shootout lies in its P2E (play-to-earn) model, anchored by<a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow"> a high-stakes battle game set in the Wild West-themed crypto frontier</a>. This game, which blends creativity, strategy, rewards, and a touch of cowboy flair, is set to launch shortly on both the Google Play Store and Apple Store, offering a new avenue for user engagement and earning potential. 
Shiba Shootout also incorporates a referral incentive called Posse rewards. This program allows token holders to earn rewards for bringing friends and family into the ecosystem, emphasizing growth through community expansion. Moreover, the project includes a staking option for early adopters, enabling users to lock their tokens for additional benefits and compounded earnings. 
<iframe title="Shiba Shootout Final Stage! Only 7 Days Left! Perfect Bull Market Launch!" width="640" height="360" src="https://www.youtube.com/embed/Qq5IcyGdjKc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
Further enhancing user participation, the Lucky Lasso Lotteries system provides exciting chances for community members to win enticing cryptocurrency rewards. Beyond this, token holders can also play a role in governance by voting on critical project decisions, reminiscent of town hall meetings in the Wild West. With its combination of engaging community elements, game-based earning potential, and diverse utility features, Shiba Shootout positions itself as a noteworthy project within the crypto sector. 
<a href="https://insidebitcoins.com/visit/shibashootout" class="su-button su-button-style-3d" style="color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px" target="_self" rel="nofollow"><span style="color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none"> Buy Shiba Shootout</a> 
Related News 
<ul class="ul1"> 
 <li class="li2"><a href="https://insidebitcoins.com/news/tether-collaborates-with-authorities-in-operation-targeting-major-crypto-money-laundering-networks">Tether Collaborates with Authorities in Operation Targeting Major Crypto Money Laundering Networks</a></li> 
 <li class="li2"><a href="https://insidebitcoins.com/news/mastermind-behind-14-billion-crypto-pyramid-scheme-extradited-to-china-from-thailand"> Mastermind Behind $14 Billion Crypto Pyramid Scheme Extradited to China from Thailand</a></li> 
 <li class="li2"><a href="https://insidebitcoins.com/news/tether-tron-and-trm-labs-launch-groundbreaking-financial-crime-unit-to-tackle-crypto-related-crimes">Tether, TRON, and TRM Labs Launch Groundbreaking Financial Crime Unit to Tackle Crypto-Related Crimes</a></li> 
 <li class="li2"><a href="https://insidebitcoins.com/news/canadas-cryptocurrency-scam-issue-is-getting-out-of-hand">Canada’s Cryptocurrency Scam Issue Is Getting Out of Hand</a></li> 
</ul>

Physical Crypto Crime in Thailand Raises Alarms Amidst Surge in Crypto-Related Offenses

Table of Contents

Inside Bitcoins

Other articles published on Nov 12, 2024

Ethereum’s Bullish Surge, Aiming for 55% Gains After Triangle Breakout

Bybit Sees 61% Surge in Monthly Futures Trading Volume, Reaches $639B

Optimism (OP) Price Pattern Points to a Breakout, 340% Gains on the Horizon?

Ripple President Clarifies RLUSD Stablecoin Demand Ahead of Launch

Aptos (APT) Price Ready to Fly? Key Levels Signal a Major Breakout Ahead!

Bitcoin Hits New ATH of $89,517, Surpasses Silver Market Cap

Join our free newsletter for daily crypto updates!