While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world.
According to a report, a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The 32-year-old resident of Lake Worth, Florida, Steve Manos, set up a meeting with two people in West Palm Beach to sell the bitcoin for cash. Manos, who said he had met with the two individuals in the past, gave them $28,000 in cash, but instead of getting the digital currency, the two took off with the money. Law enforcement was able to arrest Andre Allen, a 34-year-old that allegedly stole the cash after Manos gave police the phone number he used to set up the meeting. Allen was later identified by Manos in a police lineup.
This isn’t the first time that a physical robbery has occurred