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Bitcoin ATM Stolen Throughout Raid In Barcelona

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

Associated Studying | Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record

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 website, Spain has the best variety of crypto ATMs in Europe. With 185 ATMs, it is usually 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 power of Catalonia, Mossos d’Esquadra, mentioned that the ATM theft occurred round 3 a.m. They nevertheless didn’t present any additional info on the case to keep away from hindering the investigation.

In accordance with the information company, police sources mentioned 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.

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 newest of the bitcoin-related crimes in Spain. A couple 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 thousands and 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 thousands and thousands 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 steadily than most individuals suppose, principally by hacks, phishing scams, ransom assaults, and pretend ads.
A few the most well-liked 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 Top 10 Ransomware Variants, Says U.S. Treasury

In accordance with the U.S. Treasury Division, the whole worth of suspected ransomware payments in the course of 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.

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

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