10 Bitcoin ATMs Reported Stolen Since 2015
At least ten ‘Bitcoin ATMs’, also known as Bitcoin transaction machines, have been reported stolen in the last two years. Most recently, in a first for Canada, a Lamassu Bitcoin transaction machine was stolen last Sunday night from its Montreal location. Altogether, the ten machines approximate $40,000 worth of hardware. Bitcoin ATM Theft In Montreal. At....
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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....
Two bitcoin ATMs in the Dutch city of Amsterdam have been stolen, according to reports. The news first broke over the weekend, as Coin ATM Radar picked up on the lack of activity from both machines and published the news on Twitter. Two bitcoin ATMs have been stolen from @MrBitc0in in #Amsterdam @generalbytes @BitAccess So against Bitcoin spirit pic.twitter.com/gtHyX0Mnck. - Coin ATM Radar (@CoinATMRadar) February 14, 2015. Sign of bitcoin's 'maturity'. Martijn Wismeijer from the Dutch bitcoin ATM collective MrBitco.in, who owned a General Bytes BATMTwo machine, told CoinDesk that he was....
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....
The number of stolen bitcoins that were publicly reported in 2020 dropped to 4,472 coins or 0.02% of the digital asset’s circulating supply. This new figure represents a 92% drop from the 56,870 reported in 2019. When using current bitcoin prices, the 2020 thefts caused losses that are equivalent to $140 million versus the 2019 equivalent of $1.78 billion. According to data that was shared by Jameson Lopp, the CTO at Casa, this marked decrease in the number of reported thefts means “bitcoin security appears to be improving.” The CTO also clarifies the meaning of the term....
Despite there being plenty of things going wrong in the financial sector, one of the biggest threats is not coming from the banks or other financial players themselves. Instead, a new breed of bank malware is making the rounds, spread by a Russian hacking group. Especially ATMs are the target of choice, and the implications could be very severe if no solution is found to counter this threat. Bank Malware Remains A Big Threat. Throughout 2015, ransomware and malware have been claiming many victims around the world. But in the end, banks themselves remain the prime target for hackers, or to....