Hackers who stole $150,000 from buggy Bitcoin ATMs still at large

More from: | The Next Web |
0

Yesterday, Toronto police issued a statement requesting public help to locate four men suspected of carrying out a string of Bitcoin BTC scams across Canada.

Late last year, the Calgary police service received information relating to numerous fraudulent transactions made at Bitcoin ATMs that specifically target one Canadian Bitcoin company. It’s unclear why the criminals targeted the company in question.

“It is alleged that between Sunday, September 16, 2018, and Wednesday, September 26, 2018, 112 fraudulent transactions had been made at Bitcoin kiosks in seven cities across Canada,” the statement reads.

About $150,000 (CA$195,000) was stolen during the 10-day period.

The announcement states the scammers had been “double-spending” cryptocurrency to effectively withdraw money from the specialist ATMs for free. Double

(...)

Read full article » https://thenextweb.com/hardfork/2019/03/14/double-spenders-scam-150000-bitcoin/


About | The Next Web |

In 2006, founders Boris and Patrick were looking for a tech event to showcase their new startup. When they couldn’t find one that checked all the boxes they decided to host their own. As they were organizing things, they soon realized they needed somewhere to promote the conference, and that’s how thenextweb.com was launched. It later became a blog and the result is what you are looking at right now.

TNW was started to bring insight, meaning—and every now and again, the lulz—to the world of technology. But we didn’t want to stop there. Today the company has grown from those two parts to four pillars that brought forth TNW News, TNW Deals, TNW Conference and Events, our new tech hub called TQ and Index, our market intelligence platform.

»Twitter: @thenextweb »Facebook: @thenextweb