30 Minutes, 5 Masked Men and $2 Million in Crypto: Evan Luthra Recounts Oxford Kidnapping

Evan Luthra said five masked men kidnapped him in Oxford, assaulted him, stole his luxury watch and used Face ID on his phone to drain his crypto exchange accounts of roughly $2 million within about 30 minutes. The incident highlights the physical-security risk facing crypto holders, since exchange logins tied to biometric unlocking can be cleared quickly once a phone is in an attacker's hands. Luthra, an angel investor and entrepreneur, recounted the episode publicly, drawing attention to how much access a single unlocked device can grant. What to watch next is whether exchanges and wallet providers push further on passkeys, withdrawal whitelists and time-locked transfers to limit losses when a holder is forced to unlock under duress.