Stolen iPhone Sparks $14,000 Nightmare for Crypto Veteran

TLDR A crypto industry veteran says a stolen iPhone led to approximately $14,000 in losses after thieves accessed his cryptocurrency and financial accounts. The incident highlights how an unlocked smartphone can expose several accounts through a single point of access. The victim says securing his accounts immediately would have been more useful than chasing the thief. A stolen iPhone became the starting point for hours of financial damage for Magnus Ahmad, a former cryptocurrency executive whose experience highlights a vulnerability beyond exchanges and blockchain protocols: the device people carry every day. According to sources, Ahmad lost approximately $14,000 after thieves took his unlocked iPhone outside a bar in London’s Hackney neighborhood. His cryptocurrency wallets, payment cards and trading account were subsequently targeted.

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