---
title: "A stolen iPhone, $14,000 in losses and London’s crypto theft problem"
url: https://thecoingazette.com/a-stolen-iphone-14000-in-losses-and-londons-crypto-theft-problem/
date: 2026-10-31
modified: 2026-10-31
lang: en
author: "Coin Gazette Editorial"
description: "Two strangers befriended Magnus Ahmad outside a London bar. Hours later, thieves had emptied his crypto wallets, accessed his bank accounts and disabled his laptop."
categories:
  - "Crypto News"
word_count: 25
---

# A stolen iPhone, $14,000 in losses and London’s crypto theft problem

Two strangers befriended Magnus Ahmad outside a London bar. Hours later, thieves had emptied his crypto wallets, accessed his bank accounts and disabled his laptop.