A New York man was robbed at gunpoint of $1,110 worth of Bitcoin.

According to CNBC, on the morning of May 27, the 28-year-old man was lured into a car in the Crown Heights section of Brooklyn to sell Bitcoin to a buyer he met on Craigslist.

Once inside the car with the two robbers, the man was reportedly forced at gunpoint to transfer $1,100 in Bitcoin (around 4.9 Bitcoins, based on current prices) from his account to another account controlled by the robbers.

The man, who was not named, then had his phone stolen and was told to exit the car before the two robbers drove away.

This is not the first Bitcoin robbery to be reported in New York. In February, a New York City man reportedly was robbed at gunpoint after meeting up with a buyer for his Bitcoin, and there's no telling however many other cases might have gone unreported.

It goes without saying that you should always be wary when making arrangements online to buy or sell goods, and getting into a stranger's car is never a good idea. Police in some cities have offered to let people carry out their Craigslist deals outside of police stations to help discourage robberies. ®