A man has been charged after a violent robbery in Oxford last month in which masked attackers forced a victim to hand over cryptocurrency worth around £1.5 million.
The robbery took place on the afternoon of November 4. Two men and three women were travelling by car from Oxford to London when masked raiders entered the vehicle. According to police, the attackers stole a Richard Mille watch worth about £450,000, took the victims’ mobile phones, and threatened them with knives.
One of the victims was forced to transfer cryptocurrency directly from their account to the attackers. After around 30 minutes, the group abandoned the vehicle in the Five Mile Drive area of Oxford and fled the scene.
Arrests and Charges
Abdul Malik Cali, 24, of no fixed address, was arrested at Heathrow Airport on Tuesday evening. He has been charged with five counts of conspiracy to commit robbery. Cali appeared at Oxford Magistrates’ Court on Wednesday and has been remanded in custody. He is due to appear at Oxford Crown Court on January 16. Police have also arrested five other people in connection with the robbery. They have been released on bail while investigations continue.
Detective Sergeant Stuart McMaster from Thames Valley Police said the investigation is complex and wide-ranging. Officers are carrying out door-to-door inquiries and reviewing CCTV footage. Police are also using vehicle tracking systems, digital evidence, forensic work, and financial and cryptocurrency checks.
Search warrants have already been carried out in London and Birmingham, with arrests also made in Kent. Police are asking the public to come forward if they saw or recorded a black BMW saloon, a blue Hyundai Ioniq, or a silver Mercedes-Benz Vito in parts of Oxford between 1 pm and 4 pm on November 4.
A Growing Trend: Physical Attacks on Crypto Holders
Sadly, cases like this are becoming more common. In May, TRM Labs warned about a rise in physical attacks on people connected to cryptocurrency. These attacks are often called “wrench attacks.” TRM Labs explains that a wrench attack happens when criminals use physical force or threats to make someone give up access to their cryptocurrency.
Instead of hacking computers, attackers target people directly, knowing that fear and violence can break even the strongest digital security. “These assaults exploit human weakness rather than technology,” TRM Labs said, adding that they are often extremely traumatic for victims.
Recent months have seen disturbing cases across several countries. In France, the family members of crypto company leaders have been attacked, kidnapped, or threatened for ransom. In one case, a crypto entrepreneur’s father was kidnapped and badly injured to force payment.
The US has also seen violent home invasions targeting crypto holders. In one major case, a criminal ring was sentenced to long prison terms after carrying out armed robberies and forcing victims to hand over wallet keys.
Why These Attacks Are Increasing
There are several reasons why these crimes are rising. Criminals often believe crypto transfers are hard to reverse. Many victims also share signs of wealth online, making themselves visible targets. Personal information is easier than ever to collect through social media.
Phil Ariss from TRM Labs said violent groups are simply adapting. “For criminals already comfortable using violence, it makes little difference whether they steal a luxury watch or crypto,” he said.
How to Protect Yourself
Experts say prevention starts with privacy. Avoid posting about crypto holdings or expensive lifestyles online. Strong home security, safe travel habits, and awareness of surroundings can also reduce risk.
TRM Labs also suggests using wallets that need more than one approval before funds can move, making forced transfers harder. Just as important, family members should be educated about risks, as attackers sometimes target loved ones instead.
Also Read: US Courts Focus on Malone Lam’s $350M Crypto Scam; Plea Deal in Sight?
Source: https://www.cryptonewsz.com/man-charged-after-1m-crypto-robbery-in-oxford/
