Hong Kong Authorities Just Arrested The Bitcoin ATM Thieves Who Conducted A Robbery Of $30,000

Authorities as of late arrested three men following their asserted cheating of $226,000 in Hong Kong dollars from Bitcoin (BTC) ATMs in the region.

The apprehend male trio, extending from age 26 to age 55, purportedly abused six diverse Bitcoin ATM machines, controlling them to hack up the Hong Kong dollar likeness generally $30,000 U.S. dollars, an article from the South China Morning Post point by point on Aug. 15. The alleged robbers took the cash out across 11 transactions.

Authorities think the three guys being referred to apparently make up some portion of a larger criminal activity, the South China Morning Post article said.

Two crypto exchanges tipped authorities to the odious movement before the captures. Wilson Tam, superintendent of Hong Kong’s cyber security and technology crime bureau, did not divulge the exact thievery methods used, in spite of the fact that the authority provided the two influenced ATM organizations with tips on expanded safety measures.

“It is the first time we came across fraud linked to bitcoin ATMs,” Tam said, as reported by the South China Morning Post.

The quantity of Bitcoin ATMs on the planet arrived at 8,000 in June 2020, while Bitcoin itself has increased further exposure as a viable asset through the span of the year, making the asset a logical target for attacks.