Norwegian Man Murdered after Crypto Trade Went Wrong

Norwegian authorities believe the murder of a young man is tied to an in-person exchange of cash for crypto.

A Norwegian national has been murdered after completing a cash-for-bitcoin transaction, local television station TV2 reported on Wednesday. The crime occurred at the 24-year-old’s apartment in the Oslo neighborhood of Majorstuen.

Payback for a deal gone wrong is one of the possible motives local authorities are investigating. Although Oslo police were reluctant to officially reveal whether the crime took place after a crypto transaction, anonymous TV2 sources indicate the murder took place immediately after the deal. Friends and relatives of the victim were also aware of his cryptocurrency dealings.

"We are familiar with a tip about Bitcoin, but at this time we will not provide more information about the investigation," said for TV2 Grete Lien Metlid, head of Investigation and Intelligence unit at Oslo police. "We will thoroughly investigate every possible version. Economic motives are one of these versions.”

Authorities believe the crime took place between 7:50 am and 12:10 pm local time, during or right after the victim possibly exchanged cash for BTC. According to Oslo police, a large amount of cash should have been stored at the site of the crime.

Isolated Incident or a Trend

The Norwegian police believes the murder to be related to two other crimes, but did not release additional details. Although it is not yet confirmed the crime was related to the Bitcoin trade, it would not be the first case where crypto traders have been physically assaulted in relation to their digital assets.

In June, ex-Bitcoin Core developer Jameson Lopp came out with a list of all documented attacks on cryptocurrency holders up to that date.

“To help keep track of the dynamic security landscape for crypto asset owners, I've started an open source repository to catalog physical attacks. Please contribute additions and corrections,” said Lopp at the time.

One of the incidents documented in the list was Lopp himself, who was the victim of SWATing, after an anonymous individual informed authorities about a non-existent “hostage situation” at Lopp’s home.