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Bitcoin ATM Stolen Throughout Raid In Barcelona

11/13/2021

Crypto-related crimes have been on the rise in Spain in current occasions. The latest incident is the case of a stolen Bitcoin ATM in Barcelona.

Associated Studying | Information Reveals Crypto Hacks And Fraud In 2021 Are On Monitor For A New Document

Bitcoin ATMs are kiosks that enable an individual to buy Bitcoin and different cryptocurrencies through the use of money or debit card. In accordance with this web site, Spain has the very best variety of crypto ATMs in Europe. With 185 ATMs, it’s also the fourth highest on the earth.

Bitcoin ATM Theft

Native information reported on Friday that the Spanish police are investigating the theft of a Bitcoin ATM. The thieves stole the machine in a raid on a cryptocurrency change outlet in a rich Barcelona neighborhood.
The police pressure of Catalonia, Mossos d’Esquadra, stated that the ATM theft occurred round 3 a.m. They nonetheless didn’t present any additional info on the case to keep away from hindering the investigation.

In accordance with the information company, police sources stated thieves took the ATM from a store on Beethoven avenue within the Sarria space. The realm homes a department of Grayscale Bitcoin Belief (GBTC). GBTC reportedly declined to remark, and the police additionally refused to verify the precise location of the theft.

BTC buying and selling at $64.16K | Supply: BTCUSD on TradingView.com

An unverified video that surfaced confirmed an SUV crashing into the GBTC storefront. Afterward, some hooded folks from one other automotive made away with the ATM.

This incident is simply the latest of the bitcoin-related crimes in Spain. A number of days in the past, a Spanish techpreneur reported that he had been robbed. Zaryn Dentzel, the sufferer, is the co-founder of Tuenti, a Spanish social network-turned communications agency owned by Telefónica telecommunications firm.

He claimed that 4 or 5 hooded folks robbed him of hundreds of thousands of Euros price of crypto from his home in Madrid. They blindfolded him, lined his dwelling’s safety cameras, and beat him up. He was then pressured to surrender the password to a web-based account containing his cryptocurrencies which held tens of hundreds of thousands of euros in Bitcoin. Nonetheless, the thieves had been unsuccessful in stealing any of his cryptos.

Crypto Crime On The Rise

Crypto assaults are hardly uncommon. They happen extra incessantly than most individuals assume, principally by way of hacks, phishing scams, ransom assaults, and faux commercials.
A few the preferred assaults this yr are the $600 million Poly Community assault and the Colonial Pipeline ransomware assault.

Associated Studying | Over $5 Billion In BTC Paid In Prime 10 Ransomware Variants, Says U.S. Treasury

In accordance with the U.S. Treasury Division, the overall worth of suspected ransomware funds throughout the first half of 2021 was $590 million. Additionally, roughly $5.2 billion in outgoing BTC funds had been tied to the highest 10 ransomware variants over the previous three years.

Many Bitcoin crimes have additionally been recorded within the U.Okay., Hong Kong, Australia, and New Zealand, to call a couple of.

Featured picture by Coin ATM Finder, Chart from TradingView.com