Bitcoin

Nick Drakon, the CEO of crypto research and education platform Revelo Intel, has stepped down after he said he was held at gunpoint and forced to transfer personal, company and investor funds.
“I was recently targeted, surveilled and robbed by a highly sophisticated group,” Drakon <a data-ct-non-breakable="null" href="https://x.com/NickDrakon/status/1831719184041906286" rel="noopener noreferrer nofollow" target="null" text="null" title="null">wrote</a> in a Sept. 5 X post.
“The group was specifically interested in crypto assets and knew the deposit addresses belonging to the crypto businesses I operate. I was forced, at gunpoint, to log into a number of crypto accounts and transfer funds out.”
He added the thieves stole his personal funds, Revelo’s working capital, retained earnings and funds from Revelo Ventures — the firm’s investment arm.
<figure><img alt="Crypto firm’s CEO resigns after being robbed of company funds at gunpoint" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191d518-b82f-7fe3-83ee-4babf60b819d">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/NickDrakon/status/1831719184041906286" rel="noopener noreferrer nofollow" target="null" text="null" title="https://x.com/NickDrakon/status/1831719184041906286">Nick Drakon</a>
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Drakon said the thieves also threatened his wife and 8-month-old son.
There’s “some evidence” to suggest people in Revelo Ventures played a role in the robbery, Drakon claimed. However, he decided not to publicly share more details to ensure <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/the-law-enforcements-guide-to-policing-crypto-cybercrimes" rel="noopener noreferrer nofollow" target="null" text="null" title="null">an investigation</a> isn’t hindered, adding it also “may potentially put my family at further risk.”
Former chief operating officer Vu Benson will now <a data-ct-non-breakable="null" href="https://x.com/Vu_Benson/status/1832084191795675418" rel="noopener noreferrer nofollow" target="null" text="null" title="null">replace</a> Drakon as Revelo Intel’s new boss.
<h3 id="strong-recovery-plan-strong">Recovery plan</h3>
Drakon has forfeited his interest in Revelo in order to return some of that money back to Revelo Ventures members, while 30% of the company’s generated profits will also go to affected members.
He claimed he made “severe mistakes” that made him a target and apologized to Revelo Ventures members who lost money from the robbery.
Related:<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/two-onecoin-promoters-found-dead-in-mexico" rel="noopener noreferrer nofollow" target="null" text="null" title="null"> Two OneCoin Promoters Found Dead in Mexico</a>
The robbery comes weeks after four suspects allegedly <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/four-suspected-killing-bitcoiner-stealing-170000-dollars" rel="noopener noreferrer nofollow" target="null" text="null" title="null">kidnapped and murdered</a> a foreign national in Ukraine, stealing $170,000 of Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC</a>).
Bitcoin cypherpunk Jameson Lopp<a data-ct-non-breakable="null" href="https://blog.casa.io/bitcoiners-guide-to-organized-crime/" rel="noopener noreferrer nofollow" target="null" text="null" title="null"> noted</a> many of these criminals typically identify <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/missing-crypto-millionaire-found-dismembered-suitcase" rel="noopener noreferrer nofollow" target="null" text="null" title="null">potential victims</a> through social media posts, meetups and conferences.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/elegant-and-ass-backward-jameson-lopps-first-impression-of-bitcoin/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Lopp strongly advises</a> against peer-to-peer trades — particularly with people you don’t trust — flaunting wealth on social media, and wearing crypto-branded clothing.
<h1 id="em-strong-big-questions-strong-em-a-data-ct-non-breakable-null-href-https-cointelegraph-com-magazine-big-questions-crypto-deaths-rel-noopener-noreferrer-nofollow-target-null-text-null-title-null-em-strong-what-s-with-all-the-crypto-deaths-strong-em-a">Big Questions: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/big-questions-crypto-deaths/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">What’s with all the crypto deaths?</a></h1>
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Crypto firm’s CEO resigns after being robbed of company funds at gunpoint

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