A new chapter in the crypto world has begun, but it’s a dark one. Here’s the latest crypto news.
Nick Drakon, CEO of the crypto research platform Revelo Intel, has stepped down following a terrifying ordeal. He was reportedly held at gunpoint and forced to transfer both personal and company funds.
In an X post, Drakon revealed that he had been targeted and robbed by a highly organized group specifically interested in his crypto assets. The attackers knew the deposit addresses linked to the businesses he operated.
Under threat of violence, he was forced to log into multiple accounts and transfer funds. The thieves made away with his personal savings and Revelo Intel’s working capital, retained earnings, and even funds from its investment arm, Revelo Ventures.
Disturbingly, Drakon shared that his wife and eight-month-old son were also threatened during the robbery. He hinted that there was some evidence suggesting individuals within Revelo Ventures may have been involved, but refrained from disclosing further details to avoid jeopardizing the investigation or putting his family at greater risk.
With Drakon stepping down, former COO Vu Benson has taken over as CEO of Revelo Intel. In response to the incident, Drakon has given up his interest in the company as part of a recovery plan to help return funds to affected members of Revelo Ventures.
Additionally, 30% of Revelo Intel’s profits will be directed to those impacted by the theft.
Drakon admitted to making “severe mistakes” that left him vulnerable and expressed deep regret to those who suffered financial losses due to the robbery.
This alarming event occurred just weeks after the kidnapping and murder of a foreign national in Ukraine, where $170,000 worth of Bitcoin was stolen.
Bitcoin security advocate Jameson Lopp has warned that criminals often track potential victims through social media, meetups, and conferences. He advises against peer-to-peer trades with untrusted individuals, displaying wealth on social media, and wearing crypto-branded clothing in public.
