NYC Man Stabbed, Robbed of Bitcoins, Weeks after Superbowl Robbery

A New York City firefighter, Dwayne Richards, was reportedly stabbed and robbed of bitcoins. He survived the incident and is recovering.

Richards had arranged to meet a party interested in purchasing bitcoins, in person, in Williamsburg. Police are looking into the incident, but due to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's decentralized structure, it is unlikely that the bitcoins will be recovered.

There are some advantages of making in-person bitcoin trades. One does not have to go through what can be a lengthy setup process on an online bitcoin Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, which may include verification steps and wire transfers. In addition, doing the transfer in person is similar to dealing in traditional p2p cash, avoiding the need for a trusted third party.

However, such encounters can be risky, as bitcoin's anonymity can attract parties not with the purest of motives.

Several weeks ago, David Katz, a dealer that travelled around New York buying and selling bitcoins, was to meet an individual who wanted to gamble during the SuperBowl. Meeting at a "secure" location in Queens, Katz was threatened at gunpoint and forced to transfer $8,500 in bitcoins and $3,500 cash.

Katz reported the incident to police and has since heard from other people of similar incidents. Some cases were physical robberies, while in others the issue was counterfeit money.