NYC Tax List Exposes Wealthy Crypto Owners to Targeted Threats

New York City has released a list of 31,000 properties that may be subject to a new tax on second homes. The list includes streets, buildings, and apartment numbers, making it easier for crypto founders to find wealthy individuals' addresses.

The tax targets homes not used as the owner's primary residence, with a threshold of $1 million for condos or co-ops and $5 million for houses.

Crypto entrepreneurs like Hayden Adams and Mert Mumtaz have expressed concerns that the list amounts to 'mass doxxing' of wealthy individuals. Adams searched luxury buildings and found nearly every unit listed, while Mumtaz noted that the data was already public but now organized and easily downloadable.

Nic Carter from Castle Island Ventures warned that this type of list can lead to crypto kidnappings, torturings, and murders, citing the France crypto kidnapping toll. CertiK also highlighted a rise in 'wrench attacks' using leaked databases, property records, and tax files to target individuals.