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A failed plan to take up to £2 million in crypto ended in prison terms

If you can move crypto from a computer at home, the same access that lets you send or recover funds can be misused if someone pressures you in person. A short report from PANews describes that risk as a plan that failed. It does not describe a completed theft.

What was reported

PANews published the account on 11 November 2026 at 19:13 (UTC+8), citing Decrypt. It said Scotland’s High Court had sentenced 29-year-old Robert Barr to eight years in prison. Barr planned the scheme while already serving a sentence in Edinburgh prison, using illegal means of communication.

The plan targeted up to £2 million (about $2.7 million) in crypto assets. That figure is the amount sought, not a confirmed loss. The attempt did not succeed.

What the plan depended on

Two accomplices were to enter the Midlothian home of a crypto startup co-founder and force him to install the remote-control software AnyDesk. Barr would then operate the computer remotely and move the assets to a wallet he controlled.

In April 2024 the two men came to the door. The resident recognized them through a doorbell camera, and they did not carry out the plan.

PANews, citing Decrypt, also reported these sentences:

  • Robert Barr: 8 years
  • Sean Favier: 4 years
  • Iain Doyle: 5 years

One check this account supports

Remote-control software is built so another person can use a machine. That is useful when you want help, and it is also a wide trust boundary: in this plan, AnyDesk was meant to connect the co-founder’s computer to a wallet Barr controlled. The step that stopped the April 2024 visit came earlier. The resident saw who was outside before anyone got in.

A doorbell camera does not remove the risk of coercion, and this report does not say what wallet, backup, or recovery setup the co-founder used. It only supports a narrow habit: treat an unexpected demand to install software that lets someone else operate your computer as a reason to stop. Seeing who is at the door is separate from how you store keys, who can read your backups, and whether you keep more than one copy. Those are different trade-offs, and this case does not resolve them.

Original article: PANews, 11 November 2026, citing Decrypt.