Crypto Deal Turns Dangerous: Armed Assault During Trincity Car Park Transaction

Violence disrupts P2P crypto trade as gunmen target buyers in broad daylight.

Subheader: When Cash Meets Crypto—And Bullets Fly

Two men narrowly escaped a brazen daylight robbery while finalizing a cryptocurrency exchange in Trincity’s parking lot. Witnesses report masked assailants fleeing with an undisclosed sum—proving even decentralized finance isn’t safe from old-school thievery.

Subheader: The Irony of ‘Trustless’ Transactions

No smart contract could’ve prevented this heist. The victims—likely avoiding KYC checks for anonymity—learned the hard way: physical meetups remain crypto’s weakest link. Local authorities urge traders to use regulated platforms, but where’s the fun in that?

Closer: Another day, another reminder that crypto’s wild west era isn’t over—it’s just armed and dangerous. (Bonus jab: At least the thieves didn’t rug-pull them.)

Crypto wrench attacks rise in 2025

A 52-year old man in Trinidad was robbed of $86,000 when he went to buy cryptocurrency from a man in a pharmacy parking lot.

Pro tip: don't bring bags of cash to randos in a parking lot.https://t.co/aLePjXX1dB

— Jameson Lopp (@lopp) December 2, 2025

The victim told officers that he was sitting in his car before the other man joined him and got into the car with him. He also revealed that he gave the man $85,000 cash in a black bag, which was intended for the purchase of digital assets.

According to a report by local media, two armed men dressed in hoodies attacked the victim shortly after giving the man the money. The victim stated that the robbers approached the car and knocked on both the passenger and driver windows before snatching the cash and cell phones. The robbers escaped in a getaway vehicle and left both men unharmed.

Cryptopolitan reported last month that a thief disguised as a delivery driver robbed a San Francisco homeowner of $11 million in crypto. The robber was armed with a gun and bound the victim with duct tape before forcing him to hand over his wallet, credentials, along with a laptop and phone.

Earlier last month, there was another crypto wrench attack involving a convicted Russian scammer and his wife. Both victims were found dead in the United Arab Emirates after they had met with a group of individuals posing as crypto investors.

A local media outlet reported that Roman Novak was confronted by the men and was demanded to give access to their crypto wallets. According to the report, the robbers gained access to Novak’s wallets but found nothing inside. The assailants later murdered the couple and fled.

UAE-based police revealed that Novak and his wife’s bodies were found dismembered and dumped in bags in the desert NEAR the city of Fujairah. The authorities also tracked the group’s movements as they attempted to cover their tracks by wrapping vehicles before leaving the country for Russia. One assailant was also reportedly fleeing to Georgia. 

“We’re seeing a clear surge in ‘wrench attacks,’ where criminals torture or threaten victims to drain their wallets.”

-David Richards, CEO of BlockchainUnmasked.

An analysis by Jameson Lopp, co-founder and chief security officer at self-custody platform firm Casa, recorded over 60 physical crypto attacks in 2025 alone. Wrench attacks have increased from 32 attacks recorded for all of 2024.

Richards argued that the rise in crypto prices has fueled the surge in crypto attacks. He also believes that criminals are leveraging sophisticated social media and other tech. He cited only 10 cases in France in the first half of 2025, with attacks in the U.S. up by 169%.

Richards warns traders not to flaunt profits and successes

Richards believes that some cases and attacks may have been unreported. He warned that there could be worse crypto wrench attacks through 2026 unless privacy tools and global law enforcement can coordinate at scale fast.

The firm’s CEO added that Novak’s attack was not random, as he had previously scammed $500 million and had a previous conviction for fraud. He also stated that the attack was likely a case of revenge, as reported by local media. Richard noted that Novak was known for flaunting funds in Dubai and WOULD tend to leave digital trails, making him an easier target.

The crypto firm’s official urged retail advisers to remain as boring as possible and not flaunt their profits and successes. He also emphasized that crypto users should use multi-factor authentication and not just two-factor authentication.

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