Shiba

when

Secret

ZachXBT

Shiba Inu

A man posing as an Uber driver in Scottsdale, Arizona, was reportedly arrested after allegedly stealing a combined $300,000 of crypto from two unsuspecting passengers.
According to a Dec. 12 <a data-ct-non-breakable="null" href="https://www.fox10phoenix.com/news/fake-uber-driver-allegedly-stole-thousands-crypto-from-customers" rel="null" target="null" text="null" title="null">report</a> from Fox10 Phoenix, the Scottsdale Police Department alleged that Nuruhussein Hussein lured victims waiting outside the W Hotel in Scottsdale in March and again in October by posing as the Uber they had ordered and addressing them by name.
<figure>
 <img alt="Court, Crimes" src="https://s3.cointelegraph.com/uploads/2024-12/0193cd7a-cb2b-72be-95e1-9bb7c3d74133" title="">
 <figcaption style="text-align: center;">
 Authorities allege Nuruhussein Hussein picked up two victims outside the W Hotel in Scottsdale and fleeced them of $300,000 in crypto. Source: Google&nbsp;
 </figcaption>
</figure>
Once inside the car, police say Hussein asked to borrow the passenger’s phone because his device was broken. In the second case, Hussein offered to troubleshoot the Uber app after the passenger questioned why it indicated the driver hadn’t arrived yet.
It’s alleged Hussein then used his passenger’s phone to raid their <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/crypto-exchanges-explained" rel="null" target="null" text="null" title="null">Coinbase accounts</a> with a phone-to-phone transfer of crypto and a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/how-to-use-a-crypto-hardware-wallet" rel="null" target="null" text="null" title="null">phone transfer to cold storage</a>. Court documents didn’t say how Hussein knew the names of the passengers.&nbsp;
According to prosecutors, Hussein threatened one of the victims when they became suspicious and asked for their phone back, telling them to “chill or something bad would happen.”
Hussein was arrested by Scottsdale detectives and special agents from the US Secret Service on Dec. 11 on charges of theft, fraud and money laundering.&nbsp;
Prosecutors successfully petitioned a judge for a $200,000 secured cash bond and electronic monitoring if Hussein is able to pay the bond for his release. Authorities say the investigation is ongoing.
Hussein has also been banned from using the internet and overseas travel after prosecutors successfully argued there was a risk of “further evidence” being destroyed or the defendant fleeing to Ethiopia, where he reportedly travels frequently. Hussein is due back in court on Dec. 18.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/zach-xbt-claims-home-invasions-targeting-crypto-traders-increasing" rel="null" target="null" text="null" title="null">ZachXBT claims uptick in thieves targeting crypto traders offline</a>
According to <a data-ct-non-breakable="null" href="https://github.com/jlopp/physical-bitcoin-attacks" rel="null" target="null" text="null" title="null">GitHub</a>, there have been at least 19 recorded incidents of offline crypto robbery in different countries over the last year, compared to 17 in 2023 and 32 in 2021.&nbsp;
The online platform lists incidents of in-person crypto theft dating back to 2014 when an unknown caller allegedly tried to extort <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/hal-finney" rel="null" target="null" text="null" title="null">computer scientist and cryptographer Hal Finney</a> of 1,000 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) worth $400,000 at the time.&nbsp;
In the most recent recorded incident on Dec. 3, thieves in Melbourne, Australia, drove through a shopping center window and made off with a <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/bitcoin-atms-a-beginners-guide-to-bitcoin-teller-machines" rel="null" target="null" text="null" title="null">Bitcoin ATM</a>. Melbourne police later found the ATM in a park pried open and on fire.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/how-shibtoshi-gambled-95k-shiba-inu-billionaire/" rel="null" target="null" text="null" title="null">How Shibtoshi gambled 37 ETH and became a Shiba Inu billionaire</a>

Arizona man allegedly posed as Uber driver to steal $300K in crypto: Report

Cointelegraph

Other articles published on Dec 16, 2024

Ripple CTO Explains Why Ripple Stablecoin RLUSD May Cost More Than $1

Bollinger Bands Identify Next Important Stop for Shiba Inu (SHIB)

Chainlink Jumps by 22% Amid Whale Accumulation and Investor Optimism

Kite AI Partners with GAIB to Create AI Marketplace for Open Data and GPU Power (16 Dec)

Stablecoin Innovation: Ethena and BlackRock Join Forces with USDtb

MOCA Token Surges After Major Exchange Listings

Join our free newsletter for daily crypto updates!