Two Dutch Bitcoin ATMs Missing, Assumed Stolen

Regular, cash dispensing ATMs have been a prime target for robberies since the technology was first born. But ATMs that dispense crypto-currency have had a more peaceful existence with no reported thefts. That is, until now. Late last month, two Bitcoin ATMs were stolen from two different businesses in Amsterdam. Martijn Wismeijer, founder of the first “bitcoin atm collective,” Mr.Bitcoin, installed one of the machines that was stolen.“About two weeks ago, at Warries Thai food the door was forced and [thieves] removed the BitAccess ATM. This ATM was not owned by Mr.Bitcoin but we know the....

Between the hackings and malicious cyberattacks that have been occurring globally over the past week, it almost feels as if no bitcoin, anywhere, is safe... Now, things have escalated even further, as two bitcoin ATMs in Amsterdam have turned up missing, and thievery is highly suspected. Over the weekend, a lack of activity was noticed from both ATMs through Coin ATM Radar, which took to Twitter to explain the news: "Two bitcoin ATMs have been stolen from @MRBitc0in in #Amsterdam @generalbytes @BitAccess So against Bitcoin spirit". So against bitcoin spirit indeed... This almost feels like....

The joint Japanese and American government investigation into the whereabouts of supposedly stolen Mt. Gox bitcoins has announced a key discovery. The Japan News, Japan's largest English language newspaper, is reporting that fraud is the cause of the "disappearance of 99% of Mt. Gox bitcoins." According to sources in the Metropolitan Police Department (MPD), only about 7,000 Gox bitcoins were lost due to cyber-attacks. The remaining 99% of the missing 650,000 bitcoins is "highly suspected" of disappearing during a period when Mt. Gox was being fraudulently run by an unknown party. Also....

As the Dutch proverb goes: “The soup is not eaten as hot as it is served.” Meaning: The threat is often not carried through as thoroughly as initially presented. Bitcoin Magazine recently reported that the investigative arm of the Dutch tax authority — the FIOD — wants to lower the bar for prosecution of unlicensed bitcoin traders. As part of that effort, the FIOD aims to have mixing services recognized as money-laundering indicators. Users of mixing services would be assumed guilty, Dutch financial newspaper Financieele Dagblad (FD) wrote, unless they could prove otherwise. The FIOD has....

Attacks like these can also be used against Bitcoin ATMs, albeit they are a far less popular target for assailants. Automated teller machines are far from secure devices, as they are often targeted by hackers and other criminals But in some countries, things get taken to the very next level. Several gang members in Scotland have been blowing up bank ATMs in Aberdeenshire. As a result, over 130,000 GBP was stolen. Luckily, all of these gang members have been arrested and face long prison sentences. Three individuals are responsible for these attacks against bank ATMs spread out all over....