Bitcoin ATM Stolen During Raid In Barcelona

Bitcoin ATM spain

Crypto-related crimes have been on the rise in Spain in latest instances. The most up-to-date incident is the case of a stolen Bitcoin ATM in Barcelona.

Related Reading | 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. According to this website, Spain has the best variety of crypto ATMs in Europe. With 185 ATMs, additionally it is the fourth highest on this planet.

Bitcoin ATM Theft

Local 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 data on the case to keep away from hindering the investigation.

According to the information company, police sources stated thieves took the ATM from a store on Beethoven road within the Sarria space. The space homes a department of Grayscale Bitcoin Trust (GBTC). GBTC reportedly declined to remark, and the police additionally refused to verify the precise location of the theft.

BTC buying and selling at $64.16K | Source: 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 latest 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 tens of millions of Euros price 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. However, the thieves had been unsuccessful in stealing any of his cryptos.

Crypto Crime On The Rise

Crypto assaults are hardly uncommon. They happen extra regularly than most individuals suppose, largely by hacks, phishing scams, ransom assaults, and pretend commercials.
A few the preferred assaults this 12 months are the $600 million Poly Network assault and the Colonial Pipeline ransomware assault.

Related Reading | Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury

According to the U.S. Treasury Department, the overall worth of suspected ransomware payments through the first half of 2021 was $590 million. Also, roughly $5.2 billion in outgoing BTC funds had been tied to the highest 10 ransomware variants over the previous three years.

Many Bitcoin crimes have additionally been recorded within the U.Okay., Hong Kong, Australia, and New Zealand, to call just a few.

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

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