Bitcoin Thieves From Canada Steal $4K From BTC ATM

Bitcoin Thieves from Canada robbed a Canadian grocery store and stole $4,000 from a nearby BTC ATM  but forgot to check the other one close by which had more than $50,000 inside. In today’s bitcoin news, discuss more it.

According to a local news media report published two days ago, the Bitcoin Thieves robbed the place at around 4 a.m on November 19 at the ‘’Simply Delicious Food Market’’ in British Columbia. The police arrived at the scene only 15 minutes after the store’s security systems were initiated and the two men escaped in time and still remain at large. The interview with the store owner serves as a reminder that there is a lot of evidence that was captured:

“Our security camera caught at least one of their cars drive away, which was a grey Nissan Sentra. The police were also able to catch their license plate too.”

While the local media report didn’t provide much context on why the small grocery store decided to install a  Bitcoin ATM, the small town of Vernon has a population of just over 40,000 and the shaken owner said that he will now remove the machine. The impact of the small heists is becoming more iconic given the thieves’ own success and the local reporters revealed that:

 “The thieves made off with $4,000, but left $50,000 still in the machine in a canister they didn’t check.”

Back in 2018 as reported, the Indian authorities made a controversial arrest of the developers of the country’s first Bitcoin ATM. The story became popular in light of the two suspects who were co-founders of the first crypto exchange Unocoin, during the celebration by the local industry as being among the first and brightest tech pioneers.  The arrests were opposed amid the foggy regulatory uncertainty and the case’s intersection with the government’s stance towards the entire sector at that time.

Earlier this week, the number of BTC ATMs installed worldwide reached a new milestone and surpassed 6,000. The United States Internal Revenue Service also announced that they will be looking into potential taxation caused by cryptocurrency ATMs and kiosks.