Or a better way to interpret this: don't wear bitcoin swag in ways that dox location in sketchy high crime cities, AND more importantly, don't have bitcoin on am exchange that can easily be withdrawn. 🤦‍♂️

Geographical distribution of keys also makes interrogation theft harder.

Remember, if you have any significant amount of USD or equities that can be accessed on your phone, you could be made to wire those to an exchange and then with withdraw if assailants have a plan to custody you for a day or two. Just one of the reasons USD and equities are risky assets to hold.

You'd think someone with that much crypto would not keep it on his phone!

Dude had access to $4.1m in crypto on his phone?

I don't know. During a bear market people might feel sorry instead lol. During a bull though for sure

Whether or not this specific report of an incident actually happened or not, physical safety is important. There have been numerous incidents in the past. Lopp maintains a list:

Known Physical Bitcoin Attacks https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

That being said, ... most anyone with 4M worth of "crypto" knows not to carry it on their phone. I'm skeptical, and suspect this is a just rumor that was propagated, because it has sensational topics ... facial recognition, large amounts of money, robbery from an individual in a his car, etc. I need to see more, like a verification from the police or similar to deem this report credible.

Here's the Tweet by WuBlockchain that kicked off the Twitter thread pictured for this SN post:

https://twitter.com/WuBlockchain/status/1611399898246844416 [Nitter]

The article doesn't reference a source, like verification from the police. So without that, it hovers somewhere between rumor and fact.

the lesson here is: always carry a big gun

high net worth

low hanging fruit

Lots of lessons to take from this. One not mentioned so far by other commentors is to not use facial recognition or fingerprint scanner to unlock your phone; disable that entirely. In the US, cops can legally use facial recognition or your finger prints to unlock your phone if it's enabled. But they cannot legally force you to type in a pin or password. So, use a pin or a password on your phone.