Bitcoin ATM stolen during raid in Barcelona


In recent years, encryption-related crimes have been on the rise in Spain. The most recent incident was the theft of a Bitcoin ATM in Barcelona.

Related Reading | Data shows that crypto hacking and fraud are expected to set new records in 2021

A Bitcoin ATM is a kiosk that allows people to use cash or debit cards to buy Bitcoin and other cryptocurrencies.according to this website, Spain has the most encrypted ATMs in Europe. It has 185 ATMs and is the fourth highest ATM in the world.

Bitcoin ATM theft

Local news reported on Friday that Spanish police are investigating the theft of Bitcoin ATMs. The thieves stole the machine during a raid on a cryptocurrency exchange in a wealthy neighborhood in Barcelona.
Catalan police Mossos d’Esquadra stated that the ATM theft occurred around 3 am, but they did not provide any further information about the case so as not to hinder the investigation.

According to the news agency, police sources said that the thief took the ATM from a store on Beethoven Street in Sarria. There are branches of Grayscale Bitcoin Trust (GBTC) in this area. According to reports, GBTC declined to comment, and the police also refused to confirm the exact location of the robbery.

BTC trading at $64.16K | Source: BTCUSD on TradingView.com

An unconfirmed video showed that an SUV crashed into a GBTC storefront. Afterwards, some masked people in another car escaped with ATMs.

This incident is just a recent Bitcoin-related crime in Spain. A few days ago, a Spanish tech entrepreneur reported that he was robbed.The victim Zaryn Dentzel is Tunti, A communications company that transformed the social network in Spain, owned by Telefónica.

He claimed that four or five masked men had snatched millions of euros worth of cryptocurrency from his home in Madrid. They blindfolded him, covered his security camera, and beat him. He was then forced to give up the password of an online account containing his cryptocurrency, which held tens of millions of euros in Bitcoin. However, the thief did not succeed in stealing any of his passwords.

Crypto crime is on the rise

Cryptographic attacks are not uncommon. They occur more frequently than most people think, mainly through hacker attacks, phishing scams, ransom attacks and false advertisements.
The most popular attacks this year are the $600 million Poly Network attack and the Colonial Pipeline ransomware attack.

Related Reading | The U.S. Treasury Department claims that the top 10 ransomware variants paid more than $5 billion in BTC

According to the U.S. Department of the Treasury, the total value of the suspect Ransomware payment In the first half of 2021, it was US$590 million. In addition, in the past three years, approximately $5.2 billion in BTC spending was related to the top 10 ransomware variants.

Many Bitcoin crimes have also been recorded in the UK, Hong Kong, Australia and New Zealand.

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



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