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London Faces Growing Problem of Crypto Theft Through Stolen Phones
(2 hours ago) · 1 source · Summarized by CryptoBipto
A report highlights the growing issue of cryptocurrency theft in London, where criminals steal smartphones and use them to access victims' crypto wallets. One case involved a stolen iPhone leading to $14,000 in crypto losses.
WHY IT MATTERS
When you keep a crypto wallet app on your phone, it can be like carrying a safe in your pocket — if someone steals your phone and can get into the app, they may be able to send your cryptocurrency to themselves.
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SOURCES
- coindesk.com
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Crypto TheftMobile SecurityConsumer ProtectionPhysical Security