Have you ever thought if it was possible to steal money from the ATM?
Law enforcement agents recently caught three men because they were suspected to have stolen up to $226,000 Hong Kong dollars from a Bitcoin ATM.
According to the South China Morning Post of Aug 15, three males were involved in the act of stealing an equivalent of $30,000 U.S. in Hong Kong dollars. The males are between the ages of 26 and 55.
The article from South China Morning Post also indicated that the police suspect that the criminals are part of a bigger gang in Hong Kong.
The authorities were able to arrest the criminals because they were alerted by two crypto exchanges. The head of cyber security and technology crime bureau in Hong Kong, Wilson Tam, did not inform the public on how the thieves succeeded to break through but they gave more solutions to the ATM managers on how to prevent such an attack in the future.
South China Morning Post noted what Tam said about the attack: “It is the first time we came across fraud linked to bitcoin ATMs.”
Bitcoin ATMs globally has now reached 8,000 and the asset has gained more acceptance in this year, 2020. As a result, it is not a surprise to see hackers increase in number just for Bitcoins.