Crypto Robberies Tied to Phone Thefts Plague London

London is reportedly seeing a wave of cryptocurrency robberies connected to mobile phone thefts.

That’s according to a report Saturday (Sept. 20) by the Financial Times (FT), which noted that these thefts differ from some of the more dramatic forms of crypto crimes, which can involve kidnappings and threats of violence, if not actually violence.

But thanks to the rising popularity of crypto, the report added, thieves don’t need to resort to such measures. Instead, they just bank on the fact that 25% of young men in the U.K. own crypto, and the fact that this demographic is more likely to be confident enough to hold a conversation with a stranger in public after dark. 

Among them was Neil Kotak, who told the FT he was approached…

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