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Bitcoin ATM Stolen Throughout Raid In Barcelona

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

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

Bitcoin ATMs are kiosks that permit an individual to buy Bitcoin and different cryptocurrencies by utilizing money or debit card. In line 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 drive 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 line 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 substantiate the precise location of the theft.

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

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

This incident is simply the newest 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 tens of millions of Euros value of crypto from his home in Madrid. They blindfolded him, lined his residence’s safety cameras, and beat him up. He was then compelled to surrender the password to a web-based account containing his cryptocurrencies which held tens of tens of millions of euros in Bitcoin. Nonetheless, the thieves have been unsuccessful in stealing any of his cryptos.

Crypto Crime On The Rise

Crypto assaults are hardly uncommon. They happen extra continuously than most individuals suppose, largely by means of hacks, phishing scams, ransom assaults, and faux ads.
A few the preferred assaults this 12 months are the $600 million Poly Community assault and the Colonial Pipeline ransomware assault.

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

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

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

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