Bitcoin ATM stolen in a liquior store - page 2.

cheezcarls

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Lol it reminds me of this….

The thieves are trying to get some “coins” there, but they really don’t understand that there’s no such thing as physical Bitcoin.

I assume that the latest incident is the same where the thieves are thinking that the Bitcoin ATM has full of physical BTCs. They only knew about the popularity of Bitcoin, but they don’t know what it’s really all about. Just my opinion.

AicecreaME

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Quote from: cryptomaniac_xxx on October 09, 2021, 04:06:52 AM

https://twitter.com/scottbudman/status/1446540818316070917

This is the surveillance video of the liquor store itself, showing how they stole it.

Maybe this will be the new trend for criminals, breaking and stealing Bitcoin ATM across US.

Hopefully the public can help identify this crooks.

It's really alarming that the robbers are going their way out to steal such as Bitcoin ATM. Are people really desperate during this time? I get it that we're all trying to survive amidst the pandemic, but these people sure do lengthy and desperate measures. IMO, stealing a bitcoin ATM isn't really worth the risk comparing to stealing a traditional ATM. I am not in any way encouraging them to steal the latter though, but it's more rewarding if they'll just take the traditional ATM because it contains more money, if money is what they're really all after.

If they think they'll be able to steal bitcoin from that bitcoin ATM, then I feel so sorry for them. Their efforts are just going to waste. If they are after the cold cash it has, they'll just be disappointed because like what I have mentioned, it contains lesser money since only a small population are using it. Maybe if they aren't really after the cash, they're after discovering the mechanisms of the machine.

Oasisman

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A lot of speculations on what's the main purpose of these thieves why they choose Bitcoin ATM over fiat ATM.
I gotta share my thoughts.
Maybe these people thought they could easily access or steal Bitcoin inside that ATM/wallet for them to hide their identities while spending those money.
I didn't personally see a Bitcoin ATM, but I'm a hundred percent sure that the digital asset cannot be accessed except the cash.
This always remain a puzzle for us unless one of them will be arrested and take into a serious interrogation.

bakasabo

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Quote from: Nathrixxx on October 11, 2021, 03:18:14 AM

Maybe the atm was mistook for the fiat

I think not. I think they are just idiots. Take a look on the video. They even have a car number plate on.

They have chosen Bitcoin ATM on purpose. I think that their plan was to stay anonymous when they will try to exchange BTC (which they did not find inside) to fiat. To bad they were not smart enough to find out before what is Bitcoin and blockchain. I really dont believe that they intention was to "hack" ATMs software and get BTC.

When they will get caught, their cellmates will have a good laugh.

Nathrixxx

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Maybe the atm was mistook for the fiat one and moreover to me i see the Bitcoin atm is only meant to perform digital transactions whereby one can send and receive crypto unknowingly to them, i don't think any physical presence of Bitcoin is present, although their major intent is yet unknown but I think dey would have researched and found out that one or two devices enbedded inbthe atm could be useful and worth huge amount, or possibly they are the anti crypto category that which to just cause destruction on any crypto related activities.
Note its not everyone who is a fan of Cryptocurrency.

Pamadar

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Quote from: Kasabus on October 11, 2021, 01:38:39 AM

Quote from: pjwaffle on October 11, 2021, 01:18:23 AM

Since the production of Fiat ATMs has improved so much over the years, robbers don't target them anymore. But I think robbing a BTC ATM is not a good idea as it cannot be used as such. fiat money just needs you to use a hammer and hit the money box, this involves both hardware, wallet code or scanning BTC QR code to crack is also really difficult. This robbery is such a stupid thing I have ever done think about . laugh out loud. Grin

I guess they are thinking that inside of bitcoin atm machine is a huge amount of money and that is why they prefer to robbed it than fiat. But what they did is definitely a fool's way of thinking. Aren't they aware that bitcoin has more strong security compared to fiat? No ones here really knows about their real motive but certainly it was a wrong move. And they can be put in jail instead. Now, that it has happened already, i think it should give lessons to its own developers to make it more secured not to be easily broken.

That's the good side of it. After it was reported, the manufacturer will be more careful now,
by adding secured layers or placing the machines in much safer places.

This robbery will serve as a waking sign for all those ATM owners, and looking to bright sides,
with kind of news, people who are unaware about Bitcoin will be curious about it, knowing that
criminals are after these machines.

Like with other's views, it's possible that those robbers think that bitcoin ATM is much easier
to break than those fiat machines, they are more likely after with the dollars inside.

Kasabus

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Quote from: pjwaffle on October 11, 2021, 01:18:23 AM

Since the production of Fiat ATMs has improved so much over the years, robbers don't target them anymore. But I think robbing a BTC ATM is not a good idea as it cannot be used as such. fiat money just needs you to use a hammer and hit the money box, this involves both hardware, wallet code or scanning BTC QR code to crack is also really difficult. This robbery is such a stupid thing I have ever done think about . laugh out loud. Grin

I guess they are thinking that inside of bitcoin atm machine is a huge amount of money and that is why they prefer to robbed it than fiat. But what they did is definitely a fool's way of thinking. Aren't they aware that bitcoin has more strong security compared to fiat? No ones here really knows about their real motive but certainly it was a wrong move. And they can be put in jail instead. Now, that it has happened already, i think it should give lessons to its own developers to make it more secured not to be easily broken.

pjwaffle

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Since the production of Fiat ATMs has improved so much over the years, robbers don't target them anymore. But I think robbing a BTC ATM is not a good idea as it cannot be used as such. fiat money just needs you to use a hammer and hit the money box, this involves both hardware, wallet code or scanning BTC QR code to crack is also really difficult. This robbery is such a stupid thing I have ever done think about . laugh out loud. Grin

yazher

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Quote from: tulusikhlas on October 09, 2021, 01:23:41 PM

What can thieves take from a bitcoin ATM? does it contain fiat money like ATM in general? I don't know what the motive behind this theft is, because in the country where we live there are only banknote ATMs available. If bitcoin ATMs are vulnerable to being stolen, why doesn't the government place them in a place where guards watch out.

It has lots of money in it where when people wanted to buy bitcoins they put cash inside and they will get the number of bitcoins they paid for. The news on Twitter was actually good because it can be used as a prevention for the other bitcoin ATM all around the world. They will now double-check it in terms of its security and safety. These guys might not be newbies when it comes to stealing ATMs looks like they know what they're doing.

bhooscream

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I think the thieves assume that people can convert Bitcoin to cash through the ATM. So, they are intended to steal the cash, that's the reasonable reason. If they want to steal Bitcoin, they won't steal ATMs but trying to hack exchanges' wallets. Although it is not clear what the real purpose of the thieves, but I believe they did it to get instant money, which means stealing fiats (cash).

ene1980

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Quote from: dupee419 on October 10, 2021, 01:40:07 PM

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The thieves definitely did some background research on the BTC ATM, no thief would just run onto it and try to bring the whole thing, I guess the vulnerability of Bitcoin ATMs is that some of it actually is easy to steal and pretty lightweight,

You have no idea how dumb people are, in the past one year you will find several criminal cases like this in the US alone and ATM robbery is nothing new as it is going on for decades and it will continue to go like that.

Quote from: dupee419 on October 10, 2021, 01:40:07 PM

the fact that it only took a medium-sized van to take the whole thing together, and ATMs like this doesn't have that much security, I guess there's room for improvement on machines like this security-wise,

Armed guards near every counter is the only security measure they can take in situations like this and how much money these ATM companies will make if they are going to shell out money like that Cheesy

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Quote from: dupee419 on October 10, 2021, 01:40:07 PM

although I do feel like the amount of that ATM won't be that much compared to hackers actually being able to breach through wallets online, but still, definitely ton of money inside that machine, also, it destroyed the whole entrance of that liquor store, so the damage and the losses are just really saddening for the owner.

No idea how much money is lost but there is no way the criminals are going to get the coins Grin

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dupee419

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Quote from: DdmrDdmr on October 10, 2021, 04:25:38 AM

The footage on this following link provides a better view on how the thieves perpetrated the robbery, showing some images from inside the store:

https://www.nbcbayarea.com/news/local/thieves-break-into-silicon-valley-liquor-store-to-steal-bitcoin-atm/2677506/

It looks like a "simple enough" machine to steal, not being too large, so likely a relatively easy target. They likely knew full well that it had USD inside, and that is what they were after.

Some BTC ATMs allow you to actually see how much cash is available at a given Bitcoin ATM (others had to turn it off due to burglaries), which gives thieves a clue as to when and where the hit may be worth their while. I don’t know if this specific brand/franchise makes the amount readily visible.

The thieves definitely did some background research on the BTC ATM, no thief would just run onto it and try to bring the whole thing, I guess the vulnerability of Bitcoin ATMs is that some of it actually is easy to steal and pretty lightweight, the fact that it only took a medium-sized van to take the whole thing together, and ATMs like this doesn't have that much security, I guess there's room for improvement on machines like this security-wise, although I do feel like the amount of that ATM won't be that much compared to hackers actually being able to breach through wallets online, but still, definitely ton of money inside that machine, also, it destroyed the whole entrance of that liquor store, so the damage and the losses are just really saddening for the owner.

DarkDays

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Quote from: Jating on October 09, 2021, 04:12:26 AM

It was a daring move by those thieves, wonder though how much they got with cash.

Yes, I daring move indeed with a number plated van and everything Shocked

BTC ATM now being a target is no surprise with the more and more media headlines about crypto and BTC. Whether this is a new way of illegality is hard to say but my guess is that not may people would take this risk when BTC is anonymous...

To me the important thing from this is that BTC is growing in popularity and that ATM owners are getting those early waking calls, but they can easily have GPS tracking on those to detract from similar future events.

pinggoki

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I'm not so sure if these thieves could be considered smart of the biggest dumbasses of the century. Knowing what type of bitcoin ATM this machine is will help determine which is which. If these machines are the ones that do not issue fiat and do not convert bitcoin to fiat then they just wasted their time setting up a scheme for naught. If it's the one that dispenses money then they still could have the opportunity. Still, I think they have some ulterior motives besides cash in stealing this machine. Perhaps they are trynna hack into the system with the ATM as their payload?

Quote from: DdmrDdmr on October 10, 2021, 04:25:38 AM

The footage on this following link provides a better view on how the thieves perpetrated the robbery, showing some images from inside the store:

https://www.nbcbayarea.com/news/local/thieves-break-into-silicon-valley-liquor-store-to-steal-bitcoin-atm/2677506/

It looks like a "simple enough" machine to steal, not being too large, so likely a relatively easy target. They likely knew full well that it had USD inside, and that is what they were after.

Some BTC ATMs allow you to actually see how much cash is available at a given Bitcoin ATM (others had to turn it off due to burglaries), which gives thieves a clue as to when and where the hit may be worth their while. I don’t know if this specific brand/franchise makes the amount readily visible.

That settles it I guess. See, these thieves wouldn't dare touch the machine if this ATM only dispenses bitcoin, unless they are trying to learn the machinations behind this technology, I doubt they'd attempt to steal this. But since it dispenses cash, the thieves are after the fiat that is inside and so the trouble began. Hopefully they are caught and the money be put back into circulation or at least recycled so nothing is virtually wasted.

DdmrDdmr

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The footage on this following link provides a better view on how the thieves perpetrated the robbery, showing some images from inside the store:

https://www.nbcbayarea.com/news/local/thieves-break-into-silicon-valley-liquor-store-to-steal-bitcoin-atm/2677506/

It looks like a "simple enough" machine to steal, not being too large, so likely a relatively easy target. They likely knew full well that it had USD inside, and that is what they were after.

Some BTC ATMs allow you to actually see how much cash is available at a given Bitcoin ATM (others had to turn it off due to burglaries), which gives thieves a clue as to when and where the hit may be worth their while. I don’t know if this specific brand/franchise makes the amount readily visible.

Vatimins

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Man, I don't even know how to react to this kind of news. I am shocked, amazed, about to laugh and a bit bothered. Just thinking about it, such actions can only mean that they do not know that there are actually no bitcoins in that atm or they are only after the cash, or lastly they have bigger plans and understanding how a bitcoin atm works plays a vital role in that bigger plan.

GeorgeJohn

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But while is that fiat ATM machine is very difficult before criminals penetrate into, i think bitcoin ATM machine have a higher security level more than fiat machine but fiat is not easily to penetrate in order to steal what is inside the machine, i believe those people that might done that don't have already existing pre knowledge to decode the machine.. but i think they those people is deformed or not informed that the machine is for bitcoin, because is very very rigid to succeed via bitcoin machine stealing.

michellee

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I can not imagine their impression after they are in the safe house and trying to search for the money Grin

But they do not think much about the ATM itself and maybe they see much news about bitcoin and think that bitcoin is like cash which has a psychical form. Hopefully, it will not happen in the future and in other places.

But it is a crime that needs police to investigate who was behind that robbery.

Cling18

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This is devastating news but I'm too curious about their real motive. Those thieves may be against Bitcoin or they possibly did it by choice. I hope that authorities would keep ATMs in a more secure location. Bitcoin ATM is too beneficial for users so losing one would affect lots of users.

Dave1

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Quote from: Slow death on October 09, 2021, 05:09:10 PM

frankly this is extreme, i thought that ATM robberies were a thing of the past and thieves were busy robbing banks or large companies, but from what i see there are still thieves who are concerned about robbing ATMs which in most cases are ATM which are located where there are cameras, how the hell did these thieves not see that most ATMs are installed near cameras, I don't know if that only counts in my country, but from what I've seen in the movies hardly an ATM is in a place where there isn't cameras nearby, even if it's ATM bitcoin I doubt that bitcoin ATM owners don't put ATM bitcoin in places where they have cameras

Perhaps they know that there are camera's that's why the try to hide their faces, and the plate number is somewhat blurred but we can see the first 3 letters. It's because the Fiat ATM manufacture has made a lot of improvement throughout the years that robbers are not targeting them anymore. But then again, this are criminals, maybe they think that they can find BTC inside, sweep the private key, but they are totally wrong.

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