Bay Area/ San Francisco

San Francisco Tech Investor Robbed of $11M in Cryptocurrency in Home Invasion Disguised as Delivery

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Published on November 26, 2025
San Francisco Tech Investor Robbed of $11M in Cryptocurrency in Home Invasion Disguised as DeliverySource: Google Street View

A tech investor in San Francisco's Mission District became the victim of a high-stakes robbery when his home was reportedly invaded by a thief posing as a delivery worker, who made off with phones, a laptop, and a staggering $11 million in cryptocurrency. The harrowing incident at the residence on Dorland Street occurred early Saturday evening. It was partially captured by doorbell camera footage, according to a police report obtained by the San Francisco Chronicle. In the video, shared by Y Combinator CEO Garry Tan, the suspect is seen wearing dark clothing, sunglasses, and gloves while approaching the house with a white box, seeking a resident named "Joshua."

The suspect, who claimed to be working for a UPS affiliate, was permitted entry to the home to have a package signed for, reported the New York Post. After tricking the victim into leaving to retrieve a pen, the suspect followed, and a loud noise was soon heard from within the residence. Police say that once inside, the attacker brandished a gun, restrained the resident with duct tape, and proceeded to drain his cryptocurrency wallets, steal personal devices, and inflict minor, non-life-threatening injuries before fleeing.

Authorities responded to the scene around 6:45 PM and discovered the victim suffering from bruises among other injuries, as per police sources cited by the New York Post. The suspect, whom police have not yet apprehended, reportedly used violent tactics, including torture and threats. They poured liquid over the victim and spoke in foreign voices via phone loudspeaker during the assault, revealing personal information about the victim.

The victim has been reported to be a fellow tech investor residing with Lachy Groom, 31, a venture capitalist and ex-boyfriend of OpenAI's Sam Altman, mentioned by Tan in a social media post. Details of Groom's and Altman's past relationship were outlined by sources familiar with the pair in the New York Post. In the aftermath of the harrowing event, Garry Tan implored the public's assistance, stressing that "We have to find the perpetrator," as minuted by the San Francisco Chronicle, and highlighted the potential risks associated with personal crypto storage methods.