The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment.
CCN.com reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one of his roommates returned home to discover the grisly crime scene.
Citing sources within the Oslo police department, local media outlets reported that, shortly before the murder, the victim had exchanged a large sum of bitcoin for cash, which he kept in his room in the shared apartment.
“We are familiar with a tip about Bitcoin, but at this time we will not provide more information about the investigation,” said the head of the department’s intelligence and investigations unit, according to a rough translation.
According to Norwegian media publication Verdens Gang, he had made more than 1 million NOK (~$120,000) from his bitcoin investment. Friends said that others in his social circle were aware of his cryptocurrency dealings and that he had discussed using his profits to purchase his own apartment.
Per the report, police believe that, aware the victim was holding a large amount of cash, the perpetrator may have attempted to sneak into the victim’s apartment through a window. Upon meeting resistance, a struggle ensued, and the thief stabbed the victim more than 20 times.
As of the time of writing, no arrests had been made in connection with the case, and the police had not yet named any suspects.
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Josiah is the former U.S. Editor at CCN.com, where he focused on financial markets. He lives in rural Virginia. Connect with him on LinkedIn or email him directly at josiah.wilmoth(at)www.ccn.com.
