Crypto Heist: $11M Crypto Heist Targets Sam Altman’s Ex, VC Lachy Groom

An $11M crypto heist targeted Lachy Groom, Sam Altman’s ex-boyfriend. A gunman stole ETH and BTC in a targeted, organized crime attack.

A shocking turn of events revealed an $11 million crypto heist targeting Sam Altman’s ex-boyfriend, venture capitalist Lachy Groom. This information was confirmed by the police sources. The identity of the victim was also disclosed by the people who knew the relationship history of OpenAI CEO Sam Altman. The government suspects that it was a planned assault. The theft was reportedly done by an organized crime group.

Organized Crime Targets Sam Altman’s Ex in $11M Crypto Heist

The New York Post describes that San Francisco has just witnessed one of the wildest crypto Robberies. It was considered to be cinematic. A robber with a gun came to pass as a deliveryman. He made his way into the home in the Mission District, which is worth $4.4M. This house belonged to investor Lachy Groom. Another tech investor by the name Joshua also shared it.

Upon entry, the intruder drew a gun. He then bound Joshua using duct tape. Joshua was beaten. He was even tortured with personal information played out over speakerphone. The hacker then emptied Ethereum and Bitcoin worth of $11 million. The whole incident was said to have lasted 90 minutes.

However, this was not a smash-and-grab. This was a premeditated, planned-out robbery. The rich crypto holders all over the world have been victims of this kind of crime. This is an indication of a complex operation.

Garry Tan uploaded a video of the event. He got panicked to the extent that he deleted it a few minutes later. This shows how terrible and shocking the incident is.

There is a general feeling among crypto-security experts. Self-custody is great. But this is until one knocks at the door. He or she may carry a forged UPS label and a Glock. This underscores the fact that there is a risk of having large crypto assets at home.

High-Value Crypto Holders Reassess Safety After SF Heist

The tech elite of SF will be forced to turn on its head. They are allowed to transfer to vault custody. There will also be increased use of private security. Zero public flexing is also likely to be adopted. This is due to the fact that this heist was not accidental. It implies that personal and cybersecurity should be improved.

Additionally, the event highlights an emerging issue in the crypto community. Physical security risks are on the rise as digital assets become more valuable. Affluent personalities with large stakes in crypto are becoming the targeted ones. However, this would require reconsideration of security measures.

Moreover, this heist is horrifying in terms of the planning that was done. The pretence to be an actual delivery person means that it is premeditated. The personal information usage implies a wide range of previous studies. This extent of advanced technology indicates professional criminals.

The San Francisco Police Department will most probably step up the investigation. It is a high-profile case that will most certainly attract a lot of attention. It can also raise the conversation of more effective security measures for those who own crypto.

Lastly, the community is currently opting for the trade-offs of self-custody and professional custody services. As much as self-custody gives the greatest level of control, it gives the physical security the full responsibility to the individual. This robbery can swing scores of people.