Saying you make bitcoin or you make money or displaying to public about the amount of your bitcoin holding is very risky and can lead to what happened to the 14 year old kid. We should always limit the information we share on social media, limiting the information we share in the public.

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Although, this is not related to kyc, but we need to be very mindful of kyc we shared on centralized exchanges, data breach can also lead to people knowing about the information we provided centralized service providers like exchanges. People having bitcoin should try all means to maintain privacy, any information shared is dangerous.

It's never safe to announce your Bitcoin or money to public, you're make people around interested with you and don't be surprised if something bad happen to you. You're taking the risk of people would attack you and don't blame them if they do that, you're need to blame yourself to not share any sensitive information to public.

Don't forget to separate your device which you're using regularly and for Bitcoin only. So if your phone are stolen or your friends borrow your device, they wouldn't find any Bitcoin related.

Sounds alarming, But I think that was only an isolated incident because in reality no one talks or shares any info to the public that they have possessed a lot of cryptocurrencies particularly Bitcoin. because if that happens the government will after you and tax your holdings, second is you might be in danger of being robbed, After all, many bad people are already knowledgeable about the fortune of cryptocurrencies that's why no crypto users in their right mind to do that in the public.

Maybe it was safe to say 5-6 years ago that you have 1 BTC, but if you say that today you literally put a target on your forehead and it's only a matter of time before something bad happens. My advice is that if you also told someone that you have Bitcoin, when they ask you again, say that you sold back in 2017, then many have sold anyway. If you want to sleep more peacefully, take good care of your backups, set up an alarm and security cameras, and if you can legally obtain a firearm, do not hesitate to do so. Criminals always choose targets that are poorly protected, and will often avoid those that have a high level of protection.

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From the article :


4 years for physical assault and kidnapping of minors - these people are obviously eating some weird mushrooms and using drugs - they should have given him more recognition because he didn't kill the child and because the ransom was only £900 - maybe work for the common good in the royal palace

it doesn't really matter if you are making money on cryptocurrency or not. as long as you brag on how much money you make you will be a target. in this case it was a kid who is bragging about the money he made.

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regarding the kidnapping. those kidnappers are a dumbass. they asked for £10k but ended up agreeing to £900 and then ended up getting arrested for it. its clear that these guys are amateurs. that boy is lucky that the kidnappers are amateurs. I just hope the kid learned his lesson not to brag how much money he makes. may it be in cryptocurrency or not.

It was never safe going public and bragging that you own Bitcoin, that is why all public figures like Jameson Lopp or Andreas Antonopoulos keep their Bitcoin in complex multisig setups that can't be accessed so simple even if they want to do it.
What happened to this 14 year old boy is a shame, but in reality similar things are happening for years, you can check all known physical bitcoin attacks recorded since 2014, and I am sure there are much more unknown attacks.
Note that this list is only publicly reported attacks on Bitcoin owners, so better think again before speaking out in public:
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

Since when was it even safe to admit or brag to anyone that you own Bitcoin?

It's just simply flexing that you have a big fat wallet, in the eyes of a thief. In the case of the 14-year old kid, it's the kid's fault but still, his/her parents could have at least know about this since trading at a young age needs adult supervision, can't put the blame on the kid but to the parents themselves.

And since when was it safe going public saying you own money? It never was.

You should never announce you own money at all, not just many. A person who doesn't have a penny will rob anyone who owns it. When you state this in public, you increase your chances of drawing their attention.

When you say you own bitcoin, one may believe you own more than just 1 BTC. Otherwise, kidnapping a 14-year-old wouldn't make much sense.

that's what i do here too, i work in a restaurant and i don't want people to know i have crypto in my wallet, at least they know i get money from working day and night in a restaurant, worried it will be bad impact when people find out i have crypto and a lot of money

It's pretty much the same outcome as winning the lottery, except with way better chances.