A user had $450,000 stolen from him by connecting to a "friend's" WiFi network

BlockBeats news, on October 23, Decrypt reported that the former CEO of a crypto project lost $450,000 just because he connected to his "best friend's" WiFi. Anti-money laundering companies pointed out that this is a new criminal trend called "intimate crime." Tom had previously left a cryptocurrency company and sold his shares for $500,000. His friend rented a property to Tom while pretending to know nothing about WIFI vulnerabilities. One night Tom encountered a rainstorm that caused his phone to be soaked in water. When he managed to get the phone working again and re-enter the mnemonic, he realized that his life savings were gone.

Through investigation, the anti-money laundering company determined that Tom's friend stole his funds through a vulnerable WiFi network. The anti-money laundering company claims to have recorded seven such cases in the past three months. These include 13 bitcoins stolen by the victim's girlfriend and $300,000 stolen by the victim's brother. The scammers just took advantage of people who were close to them. The security firm recommends avoiding using public WiFi networks to access encrypted websites or wallets, in addition to using common security measures such as two-step authentication.