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About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄
https://i.ibb.co/g3ZSLBt/20230306-231206.jpg (https://ibb.co/HVTtfkG)
https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19

The guy who did this is ignorant of how Bitcoin works, they thought it was a fiat-like machine where you can extract paper cash, and they thought that it works like all the other ATM, this is one of the funniest jokes about Bitcoin.
I'm sure those who did this are thinking why there is no cash on that ATM.

They can't get Bitcoin at an ATM but the real cash is inside that machine.
So why would they be disappointed if they already get some cash?

Bitcoin ATM works: before you buy Bitcoin you need cash to deposit so it should have some cash unless all transactions made on that machine are via Debit/credit card.

You meant to say, "bitcoin can't be robbed"?

Perhaps a more suitable title would be, "Bitcoins can not be stolen from a Bitcoin ATM by breaking into it"

But yes, someone can rob your Bitcoins in other ways like telling you to transfer the coins to the robber's address under gun point or if someone accesses your seed phrases to your addresses containing the Bitcoins.

Might they think that there was a lot of cash inside since it was an ATM, but they thought that it was like a traditional ATM like in the bank.
Poor bandit didn't even think that the transaction of the ATM machines is all digitally linked to their wallet or their bank, not unless for those who are using paper bills on purchasing Bitcoin.

This is the point of stealing and breaking the machine, get some cash, not the Bitcoin.

Was supposed to say the same thing that even if those thieves had failed on getting bitcoin literally but for sure they were after for the cash inside.Although the money they could stole wont really be that as much compared on a typical fiat atm machine but still they do successfully get some amounts despite of failing up on getting those bitcoins which we know that its impossible on getting it.
Criminal acts doesnt really care whether its bitcoin or fiat as long they could get something valuable then that what matter the most
and its not something new in todays where breaking atm machines turns out to be that not shocking thing anymore.

According to the sign, this machine also accepts cash. I think the thieves just wanted the cash in it, but it seems out of luck this hasn't even been used by anyone. ;D
Btw, this is the worst-designed ATM machine considering the thin metal cover and small size that can be carried by only one person.

The guy must be daft to the core. How on earth would someone try to rob a system without even making proper research? This indeed is the dumbest grade of ignorance I've heard or read about since my existence

Now you mention it, this ATM seems to have been designed to be placed on a surface instead be fastened to a wall or something similar.
I could be wrong, but it seems like it, and if it was the case, it could explain why the thief tried his/her luck on breaking a Bitcoin ATM instead a more traditional target, since those are more sturdy and fixed to a wall.  :P

If the robbers are not that ignorant, they probably knew that they can't get any Bitcoin from the machine. Anybody who has heard of Bitcoin might have already a rough idea that Bitcoin isn't hard cash. So they're probably not after the Bitcoin but the fiat money that is fed into the Bitcoin machine. Targeting this much smaller machine is of course easier for them. They cannot easily do the same with the usual fiat ATMs.

But this does not prove that Bitcoin can't be robbed. There were already many cases of Bitcoin robbery.

"Not your keys, not your coins" or "It's your keys, it's your coins".
Bitcoin ATM does not store any key inside and people can not steal bitcoins at Bitcoin ATMs. It is very logic.

If at home, you store your keys in vault and by whatever reason, someone can steal your vault, bring it away, break it to get keys you store in that vault, you will lose your coins.

Some people complicate their backups by splitting it into half, one in vault, one in book or storing two halfs of their backups at two different locations. If one half of backup is compromised, they will still not lose their coins. Obviously that they must have access to that one half of backup somewhere else. If they don't have that access too, they will lose their coins as well.

If I'm not mistaken it was in Memphis a few years ago https://www.ccn.com/stolen-bitcoin-atm-owners-suspect-memphis-robbery-was-inside-job/,
and if true thieves didn't get anything because the cash there just got taken by the operators so it's just empty machines, and thieves only get empty machines so they're poor bandits because surely if caught by the police will still be processed even if they don't get anything.
The title of this thread will give mislead information because if it only refers to the incident Op mentioned it is true that Bitcoin cannot be stolen but Bitcoin can still be stolen if we cannot store PK and all important information about our wallet properly.

You title gives another impression. At first I thought you were referring to Bitcoin held an individual not knowing that you were referring to Bitcoin ATM. I have never used Bitcoin ATM Before and don't really know how it works I don't know if you pay with cash or you lay with your credit or your debit card but if it's cash then the robbers will probably just go for that one if they fail to get any Bitcoin. And btw where they expecting to get real coins from the machine? Or they thought the machine had some coins in it they same way cash ATM has cash loaded into it and if they break it they might find some inside. It's a pity though.

Actually. This is true. A bitcoin can't be steal if you don't know any idea of its key or what we called seed phrase. The idea of "not your keys, not your coins" is the best possible way of explaining it. Most of the people who have enough idea on how to store and protect bitcoin know this. Bitcoin ATM might be possible yet I guess it is more on transactions online and making some withdrawals via physical money. You might not get the idea clearly but you will only able to access bitcoin wallet via seed phrase or key phrase. Stolen keys, stolen coins as well.

It's good to see old criminals still doesn't know how Bitcoin's work, but I think nowadays people already know about it since Bitcoin already get regulated in few countries.

Bitcoin can be robbed if the criminals use $5 wrench attack into someone house, the criminals can force and intimidate them to give all of the coins they have. This is nothing new anymore, that's why privacy is really important for Bitcoin holders.

After all, bitcoin is also money, an asset like any other property, as long as you become the target of robbers, they will attack you and can take your bitcoins at any time. We can't even call the police if our bitcoins are robbed because their anonymity is difficult to track, or it's a property that has not been protected by law.

Bitcoin gives us privacy and anonymity, so I think even if bitcoin is widely accepted, I will not go public as an investor or holder of bitcoin for my safety.

That's right mate, we can't say that bitcoin cannot be robbed; all we can say is that it cannot be physically robbed. However, bitcoin can be robbed in many other ways, and it will be simple for them if they have access to some of your wallets' private keys. All we can do is try to avoid people who have bad mind and want to live well off of the wealth of others while also keeping our secrets to ourselves.

Idunno mate — probably not in this case with bitcoin ATMs, but people can definitely be robbed off their bitcoin lol.

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

Never gets old:

https://talkimg.com/images/2023/05/20/blob389a7903c39e0b74.png


It's a BATM that does accept banknotes.
Besides, if the thieves had enough time they could have simply cashed out a lot of Bitcoin in multiple transactions once the BTAM was broken.

Insert $1000, buy coins, grab the money through the hole, feed the BATM again, and buy another 1k worth of BTC or even more, you didn't even need the BATM to have any cash in it, you could use your own as you would get it back immediately.

It's ironic, that in the link that you posted to Jameson Lopp's list of robberies and extortions, that he himself was almost extorted. :P

But you can avoid such situations by not revealing where you live or your house address. Can't get SWATted if the scammer doesn't even know where to send them.

I found another story. The robbers broke into a bitcoin ATM, and they were able to take out some money.
Ironically, next to them was an ordinary ATM that contained banknotes, but for some reason, the robbers did not pay attention to it.
http://iradiophilly.com/conversation.php?idConversation=8526
https://www.youtube.com/watch?v=PF6tmzCRWos

I tried searching for images about this ATM, doesn't seem to be the case. For example, you can find something like this[1]. Not really familiar with types of Bitcoin ATMs but it doesn't seem like the best choice for security. There seems to be an additional part other than the orange box, does the cash go there or is it just a decoration?

From the article you linked, it doesn't seem like the police have a lot to go on. Fortunately, no cash is stolen. It is kinda wild that the theft happen so close to when the company takes the cash from the machine. It is understandable that they think this is an inside job.

[1] https://coinatmradar.com/bitcoin_atm/45721/bitcoin-atm-general-bytes-rochester-smoke-shop/

Well, well, well. Look who we got here! A bunch of world bandits with egg on their face because they couldn't score any Bitcoin from that ATM. I can almost hear their whiny voices now, crying like babies. But hey, at least they can join a bandit support group and share stories about all their dumb heists over the years. Maybe they'll even have a few brain cells left to rub together when they realize how clueless they were about Bitcoin.

The robbers weren't looking for bitcoins they were looking for cash and they got it why are they upset?
 It's impossible for an atm machine to have bitcoins because bitcoins are not in physical form, this is very funny, maybe the robbers think that bitcoins are shaped like gold bars.

If you're trying to say that the robbers were upset because they thought that Bitcoin is something tangible, then that isn't warm-hearted. Maybe they don't know how it works and base their value on BTC with rumors that it's worth a lot and probably tried to get something.

They probably expected something different, but it's just fiat inside, which is still not bad, TBH. Better than nothing.

This is actually a use case for studying and implementing new features in the BATM. For example, acceptance of only digital means of paying and thus completing diminishing the use of physical fiat / bank notes. This is positively good for saying that we are in the digital workspace and fiat is almost out of the way. Secondly even if the bitcoin ATM gets robbed next time, they wont be able to do anything about it except have it crushed and thrown away somewhere. Or may be just have cool machine at their home to be used as flasher during home parties. Lolz.

BATM should really follow such strategies. Only ATM cards, NFC payments or wallet to wallet transfer only. It can really save up hassle of collecting those notes, securing them and having additional anti theft security around it.

I think that there a lot of ways to rob Bitcoin and some are just hacking, stealing and so others are like scamming with people who do not know.
Some of these are listed below.
1. Scamming On telegram
2. Fishy Gmail
3. Exchange Hack
4. Exchange manipulation

There are some of these methods.

True. People always overlook $5 wrench attacks thinking "meh, chances are it won't happen to me".

Unfortunately for Jameson Lopp though — he's a public Bitcoin personality so people would know about him and his bitcoin forever. All he can do is to beef up his personal security.

It can't be robbed if they do that through that ATM but as said, the cash that's in there can be stolen. A wallet can be hacked and those robbers probably thought that they can get all the bitcoin's stored there but they do lack knowledge about it.
Just like those people that bashes and dislikes bitcoin about it being anonymous and commonly used as they said by the people of the dark marketplaces, they just can't accept the fact that it's already in the mainstream and just as those robbers, they lack knowledge as well.
But a robber can force a person they know that holds bitcoin by extorting and forcing him to give their keys, yeah the known wrench attack.

In the fact the robbery can't rob any amount of bitcoin from Bitcoin ATM but their purpose is get some money from it because Bitcoin ATM allows people to purchase bitcoin using cash, so they think can get cash out by stealing bitcoin atm machine.

This same case was happened in the Barcelona in the past 2021 ago. There were at least 158 bitcoin ATM machine surround the country at that time based to data from Bitvoin ATM Radar that can be tracked by location. that was such a high number in Europe. Therefore, it may be one of the reason that interest Robbery willing to steal bitcoin ATM.

Reference :
Thieves rip bitcoin ATM from Barcelona crypto-store (https://www.reuters.com/world/thieves-rip-bitcoin-atm-barcelona-crypto-store-2021-11-12/)

Exactly. Not only that, people can be robbed online as well. Bitcoin can most definitely be robbed. I think that title that the OP is looking for is "Bitcoin can not be robbed from Bitcoin ATMs".

As another user also said, I think that the OP missed the point that you put cash into a Bitcoin ATM, so normally (if the ATM is used) there will likely be cash in there from deposits. If it's two-directional, then there will be cash reserves in there to facilitate selling as well on top of the deposits.

It's a funny topic from face value but when you read into it, the fun goes away quickly.

The average thief does not have a clue what Bitcoin is, they might think it is actual physical coins or they might think those ATMs function in the same way that Fiat ATMs function. So for them it is a little box full of cash....  ;D

I am actually surprised that this is not happening a lot more, which might show that the robbers are getting educated about Bitcoin now, so we can actually use this as a positive marketing angle for Bitcoin ATM use.  ;)

I think having some sort of "robbing" on ATM is not the same as bitcoin being stolen neither, that's really not the case. I feel like there is a good chance that bitcoin in your own wallet, for example something like a ledger, wouldn't really be stolen and that's fine and shouldn't be really an issue at all.

I believe that we should be focusing on protecting our own bitcoin first and foremost, after that we can start to worry about the crypto that companies have and protecting that. Sure there has been plenty of hacks, but most of them were on places that we all know would get hacked to begin with, never really hard someone's ledger getting hacked before, not a common thing.

Damn, I'd love to see someone who thinks that BTC is a physical coin, lol. But I don't think ATMs are a good way to buy Bitcoin anyway, I don't get the point of them when you can buy it more easily P2P or on an exchange.

It is certain that the robbers do not understand how bitcoin works. because basically they must think it's the same as an ATM where money is always stored in it and of course things like that are not to be blamed because they don't know about it :)
I honestly want to sympathize but that's a thief no need for sympathy lol.

But saying that Bitcoin can't be robbed is a little difficult when you look at the context of actual robbery in many ways. because indeed things like this can still be said to be vulnerable actually considering the conditions in which criminal acts like this must have been carried out in many ways.

This is either one of the two;
1. Reason  you stated above why they tried to robbed it or,

2.They just think it's a normal ATM.

Even if we say that they are aware that it is Bitcoin, the fact that people are trying to purchase something using currency also made them curious and thought "let us try earning a quick buck"  ;D

how disappointed is the robber if he doesn't find money in the atm machine, I can't say anything about this robber, I think they need to learn more,
they think the btc atm is the same as the regular atm which is often used.
by the way, is there anyone here who has ever made a transaction via an ATM btc?
To be honest, I have never seen a BTC ATM machine, so I am also curious about the experiences of people who have used/transacted with this ATM.

They are a bunch of robbers who are learning to steal, about what percentage of people on this earth do not know that bitcoin does not have a physical form and another percentage of these robbers think there is cash in the machine. Unfortunately, for the ridiculous actions they did and in the end had to deal with the police. Laugh out loud.

If you want to see cases of robbery against bitcoin, I remember one husband and wife couple Lichtenstein and Morgan, they managed to hack Bitfinex and steal as many as 119,754 Bitcoins and even though in the end they were caught by the US Department of Justice.

There are still cash inside there are a sign that will be taking a cash so those theft are not disappointed unless they haven't opened it . But way back 3 years a go for sure they only got small amount as bitcoin was not that known that time. Also if we are talking about getting rob , i am not sure if you saw a thread here that someone got inside to the house then they bribe that person to send the bitcoin to their wallet so it is some sort of bribery so still there are still ways that you get robbed but not the same on physical way.

Why should anyone even think in the dumb pattern of thinking,  this is total rubbish because trying to robe a Bitcoin ATM is something that seems unrealistic and yields zero results
Not as if Bitcoin has physical representation that could be carried away, so dragging that ATM away won't solve anything.

OP's title is click-baiting, Bitcoin can be robbed but not by robbing ATM machine. Hackers can rob your coins, if anyone knows about your bitcoin and force you to send your bitcoin to their wallet, it is called robbing. From ATM's prospective, if the atm has the feature to buy bitcoin with cash, the robbers can take the cash by breaking the ATM machine.

Is this it! Is this what the bitcoin ATM looks like?? Not like it had to be so big as it won't be housing anything physical except some storage space but, I think they could have placed it nicely and maybe device means to make it look more prestigious.

It was a poorly cordinated heist where the culprits didn't do there research properly and so they failed. Seeking value where they could find it but, used the wrong approach.

The only way to bitcoin theft is in hacks and phishing attacks or cases where you hope to physically run a p2p and gets robbed eventually.
Some reasons why it's good to remain anonymous in conducting your crypto affairs.

Technically, if people used the ATM to buy or sell fiat, there could be some cash in there, but perhaps there wasn't any on this particular way. After all, even the photo of the op features a place to insert cash with a cash symbol on it.
Also, one can have their BTC stolen, unfortunately, even though it's not physical cash. It can happen through malware accessing a BTC wallet, sharing a passphrase with someone, or an armed robbery where a person is forced to open the wallet and transfer the funds.

Exactly. "Ignorant is a disease" how on Earth someone planned to steal bitcoin in bitcoin ATM. The person is a serious illiterate in the universe. The robbers supposed know that bitcoin is a digital currency which can not be seen. Well I didn't blame them because they have not gotten the orientation from others and they are not ready learn from others but only interested to rob. This is a real joke.

Not all robbers are knowledgeable of technology and this currency in the first place but attempt is an attempt. Indeed bitcoin cannot be stolen in an ATM but it can be accessed through your device if the bad person knows how to. Crypto assets can be robbed, and to be precised, stolen. Therefore, investors still should be cautious of their actions to avoid such tendencies to occur. Keep this in mind; if you can access it then there would always be a way for others to do so especially if you will give them an idea or if you would be negligent of it. Bad persons are becoming more eager to do things so never be too confident.

The world is changing into technology where security is upgrade time to time, for not Lost of funds or robbed from individual, which is Bitcoin is a digital assets which has adequate security for everyone as a result of private key.

Lol, it's pure understanding that you are lacking here OP, they don't know how to rob those Bitcoin off the ATM, and this doesn't mean it's impossible, with the right set of people and the right tools, something can always be done, do not underestimate anything in today's world.

Anyone who have the right knowledge about Bitcoin will never even think about robbing any Bitcoin ATM machine and if they do, then they already have their way, they are very well prepared.

Those robbers know too less about Bitcoin, that's my own believe, because if stealing from a Bitcoin ATM will ever be possible,  then you must already have something you are relying on, maybe some codes or gadgets.

Lol that's hilarious. i mean imagine the look on their faces when they finally forced the atm open and saw nothing inside  ;D
Am sure they must have thought they will get their hands on some shining gold coin only to see an empty space. This is part of the reason why btc is safe in a way from the naïve and clueless set of thieves.  ;D

It is true that bitcoin cannot be stolen or be robbed by the physical power but with the virtual power like hacking , phishing it can be possible that to stole bitcoin. But in the case what you mentioned on this topic I don't think they were that much disappointed because Bitcoin atm has a relationship with fiat currency. There must be some fiat currency and that is why I think the robbers are not getting that much disappointed how you said.

I remember a funny news from our local place the thief that is also ignorant about CCTV camera, imagine he also stolen the Cctv camera his face is shown very clear in monitor because he is very near to that camera and it is very easy for the police officer to find him on the next day. We can say that the person is ignorant and it is the same thing happen with the person who robbed the btc ATM Machine very funny they only robbed without knowing what is the thing they robbed or its uses.

Just like on what happened on Mr. Beast situation on which his house been robbed and the laptop where his bitcoins where stored and the private keys been put up there
on which he do believed that all of those coins been lost already but on the time he did check out the address, those coins are still intact which means that thief wasnt
really that aware about on what Bitcoin is and that what makes them as a moron.  :D

That Robber’s a F**ing Moron” – MrBeast Recalls His ‘Heart-Pounding’ Experience When He Almost Got Robbed Off $2,000,000 Of Bitcoin (https://www.essentiallysports.com/esports-news-that-robbers-a-fing-moron-mrbeast-recalls-his-heart-pounding-experience-when-he-got-robbed-off-2000000-of-bitcoin/)

So this one is really just that similar on which it is really just that a waste of effort of those thieves on missing out those huge gold mine.  :D

That's what I thought too. Robbers probably aimed for the cash inside that ATM, but unfortunately It seems like the ATM wasn't really used that much for the people nearby to purchase bitcoin using that ATM. I am also wondering, there might be some cash inside since it might offer deposit and withdrawal feature like the fiat ATM.  I didn't take a time to read the article though, dont know how the story goes, but if the Robbers were actually aiming for some physical Bitcoins, then I don't what else to say other than asking them if they just came out from the cave LOLOL!

ATMs are public locations and you have to carefully choose what ATMs to use. Should avoid too remote areas and should not do it at nights.

Bitcoin ATMs are very last in your list of choices because transaction fees with Bitcoin ATMs are very expensive. You must know that you will have to pay more fees with Bitcoin ATMs than if you buy, sell coins directly at centralized exchanges, decentralized exchanges, Peer to peer marketplaces.

Bitcoin ATM Deposit Exchange Rate shocks (https://bitcointalk.org/index.php?topic=5441922.0)

You can use cash on non KYC exchanges: https://kycnot.me/?cash=on

If there is fiat in it, the robbers are lucky even if it is only a few pieces of fiat because the bitcoin ATM functions to exchange bitcoins for money and vice versa like an ATM so there must be fiat in it.
And if there is no fiat in the ATM, chances are that no one will be around to use it, and the robber is out of luck and there is bound to be emotion and regret that his efforts have been fruitless.
It seems that this incident will be a lesson for the robbers, and will think it is better to rob a fiat ATM than a bitcoin ATM.

Although a thief in a cave cannot obtain Bitcoin from an ATM, it is not accurate to claim that 'Bitcoin cannot be robbed'. To this day, there are still numerous cases of theft and scams involving Bitcoin. Hackers can still target all our data, which poses a threat to the wallets we keep secure.

As of now, I can still assert that Bitcoin ATMs (BTMs) are safe from thieves who are not familiar with the internet, technology, or blockchain. What we've been reading in the news is mostly about Bitcoin wallets with substantial balances. However, cases of Bitcoin wallets being hacked with small balances are not widely publicized. That means there's still a significant number of incidents that go unreported.

When the incident happened, a group of robbers may have thought that there might be bitcoins inside the ATM and if they break the ATM, they can retrieve the coins from inside and commit the robbery. They were so stupid that they didn't know that Bitcoin is not a physical coin but Bitcoin is a highly secure digital currency created by the unique formula of Satoshi Nakamoto.

Well, bitcoin CAM be robbed and it's gonna be even worse than with USD.
Criminals can make you send them your crypto and the bad thing is that you can't even go to the police because no one will find them and even if they are, no one will return your BTC because it's crazy easy to 'clean' BTC with mixers and other tools.

So in that way, bitcoin is very unsafe. That's why never share how much crypto you have.

 ;D Wells that's one way to rob Bitcoin I guess, They are probably rich getting a lot of Bitcoin on this one...

Surely the guy doesn't know a thing about Bitcoin robbing a Bitcoin ATM is not a great idea, I mean doesn't he even try to research or plan before even trying to do this? Just thought its some kind of ATM I mean there is a small chance if the ATM is also accepting Cash in or you could buy bitcoin on that ATM there is a chance there is cash on that ATM as well right?

But thinking about it Bitcoin wasn't actually robbed proof since anyone could easily force you to open your Bitcoin wallet, they could go into your house and force you to make a transaction sending money to their accounts which probably happened already to some people. I guess just to stay anonymous since Bitcoin is an investment and if you can't protect yourself like a rich billionaire gang that has bodyguards, security, etc. Just stay lowkey and don't post your earnings on Bitcoin on social media.

They don't know what Bitcoin is until they have to bring the ATM ;D

But if they managed to open the ATM machine, they would find money inside. But if they don't find any money in the machine, they can sell the machine to someone else but that could risk getting caught by the authorities.

They should study before breaking into Bitcoin ATMs so they are not disappointed. And it looks like they have learned about breaking into Bitcoin or they are now even going to jail for being caught stealing the ATM.

I think it's critical to distinguish between physical robbery of a Bitcoin ATM and virtual theft of Bitcoin. The former, as you've humorously pointed out, is an exercise in futility. Cryptocurrencies exist in the digital realm; one cannot "rob" them in the conventional sense.

However, you're correct that Bitcoin is not immune to theft. Sophisticated hacking techniques can compromise wallets, and phishing scams can trick individuals into revealing their private keys. We've witnessed these in the numerous high-profile security breaches that have hit crypto exchanges in recent years.

I'd suggest the discourse should focus on strengthening the security infrastructure of cryptocurrency systems. This involves stringent regulation of exchanges, educating users on secure handling of their private keys, and promoting hardware wallets for long-term storage. That's the way forward, don't you think?

They might expecting to get some huge amount of cash once they successfully break it but to their surprise, they found nothing at all. This is one of the advantage of bitcoins, you can hide it to anyone without showing them anything suspicious. In fact you can get passed on the Airport without the customs knowledge you are bringing huge amount bitcoins with you because you stored the private keys in your memory. That's one of the biggest advantage of bitcoins and you don't find that advantage with fiat.

Today, traditional theft methods have lost their validity. They may have stolen a small amount of money here. Perhaps the purpose of the thieves was just to take the small amount of money there. I think the real question is: Can a skilled thief steal our bitcoins if he wants to? This seems a little difficult. This is difficult to do if you have taken your own precautions. But if you keep your bitcoins on the stock market, you may encounter such a situation. Many exchanges take adequate precautions, but still have many shortcomings. Like I said, it's about the skills of thieves. The thieves in this example lag far behind other skilled and tech savvy thieves.

The machine was looking awesome,the sad one is the guys don’t know how the bitcoin transaction works.Actually the fact is if they know how the bitcoin transactions work.They will had some money in the bitcoin as a trader.Then they may get huge profits in 2017.Then they won’t come to the stealing of bitcoin Atm.Due to their less knowledge and poor condition of money,they had tried this.I am feeling sad for this,because of their less aware about the new technology into the world.

Bitcoin can be robbed, especially if the robber knows the owner of the bitcoin. Bitcoin can also be hacked, especially if the user does not protect his privacy and commits some fatal mistakes. All problems stem from user error and it is not the fault of bitcoin and its network.

Robbing bitcoin ATM will not allow the robber to get bitcoin. Obviously bitcoins don't have a physical the way fiat currency does, so there's no point in robbing bitcoin ATM. Maybe, the robbers don't know how bitcoin work so they are actually committing a robbery for something that doesn't pay off.

I think criminals targeting Bitcoin ATMs are likely targeting cash stored in the machine and not Bitcoin itself. Bitcoin ATMs typically hold a supply of cash to facilitate transactions and convert it to Bitcoin or vice versa. Therefore, stealing cash from Bitcoin ATMs is an easier target for criminals. While Bitcoin itself cannot be physically stolen due to its digital nature, there have been cases of Bitcoin theft. These thefts typically occur through hacking, phishing, or other forms of cybercrime, where criminals gain unauthorized access to an individual's Bitcoin wallet or exchange and transfer Bitcoins to their own accounts. So choosing reputable exchanges and being wary of potential scams can help reduce the risk of Bitcoin being stolen.

This is actually quite silly and funny lol ;D. The person who attempted this seems to have the misconception that bitcoin functions like fiat money and hoped to steal some bitcoin from the ATM. However, the reality is quite different. This story is funny, but it's evident that the thief would only find cash inside the ATM, not bitcoin. Bitcoin is just virtual currency and the ATM does not contain private keys or wallets associated with it so yeah!

I think they can't steal bitcoins, but they can take the amount that is transacted there. We exchange bitcoins with cash or debit cards.

It so happens that the private key is possibly not on the machine, the reason why the can't rob Bitcoin when they decided to crack open the Bitcoin atm.  But I think the fiat money that is on that ATM machine is surely taken by these robbers since I am sure they don't want to go home with empty pockets.  I also don't think that robbers are ignorant of Bitcoin, they won't rob a Bitcoin ATM machine if they don't know what Bitcoin is.  They will rather steal from the nearest fiat atm machine if they don't have an idea what Bitcoin is.

They cannot steal Bitcoins by destroying the machine, it is true. The machine was designed for withdrawal but not for storing the private key. If it was created to keep the secret keys of others, many bad men would be interested, and the number one would be the owner. But the reality is that it will never happen since bandit does not understand how Bitcoin works, which is why they are breaking it and finding some. It is important that we learn about Bitcoin so that we understand what we are doing.

Because the thieves did not understand Bitcoin, they searched for fiat money inside the ATM and did not find what they were hoping for. The logic is essentially the same if there is an ATM, there is cash in it. lol. Btc private keys can be stored in the ATM but these keys are very difficult to break and the robbery will fail. Bitcoin theft is hard to happen.

Individual users have to take all precautions when storing their cryptocurrencies but we cannot blame Bitcoin for security vulnerabilities caused by user error. As long as users are conscious, theft will not occur and even if it does it will fail. Apart from that if you go to store crypto assets on the stock market, you will become an obvious target. That's why I recommend storing your assets in a cold wallet.

I think that was what they were going for, they would be stupid thinking they can robbed a digital currency that's in digital form through stealing an ATM that does the transaction electronically. They wanted the cash that was in the ATM that's why they stole it and they would have succeeded in doing that. Cash are in Bitcoin ATM too because individual can withdraw their Bitcoin to cash through the machine.

Bitcoin can be robbed and it has been getting robbed through hackers hacking individual wallets due to their ignorance. When you don't keep your private key very secure you'll get robbed. Storing them online is or in our emails is wrong and can get your wallet robbed.

So the robbers also need to be taught the skills to recognize and use bitcoin :)
As another story, I once heard about a guy who stole bitcoins by threatening the life of a person with whom he and the seller initially agreed to buy and sell crypto, after participating in the crypto market for a while. time, this person has lost more and blamed the seller. Then taking advantage of the move he controlled and robbed nearly 1000btc at that time from the merchant, but very soon he was also arrested, and the case was also brought to law a few years ago months, if I'm not mistaken, the thief was sentenced to nearly 20 years in prison for the act.
We all understand the risks of exposing personal assets to the outside, so making sure assets are safe from various attacks is also an important part of being exposed to the crypto environment.

Bitcoins can never be stolen or robbed. Since Bitcoin is a decentralized currency system where no country's government or bank controls it, so no one will ever know how many Bitcoins you have or when you have sent them. so your Bitcoins will always be safe. Since Bitcoin has a peer-to-peer system, and no one can know who owns how many Bitcoins, every Bitcoin user is the true owner of their Bitcoin. You can control your Bitcoin anytime. No one can hack your bitcoins from you. All Bitcoin processes are performed with care and caution. And because of these reasons Bitcoin can never be stolen or robbed.

Unlike what majority of the people have been saying in this thread, bitcoin can be robbed from you and it can also be stollen. What happened in the above picture is ignorance. Infact I will tell you that people who broke that ATM didn't know if was for bitcoin. They might not know what bitcoin is like. So, they saw an ATM stand which is not well secured like other ATM stands, so they arranged to vandalise it and go away with fiat cash but they were disappointed.
There is no way those people who vandalise that expected to see something like note or coin called bitcoin.

Op, meanwhile you may consider to rename the title of this thread because criminals, scammers and hackers can rob you of your bitcoin.

You're right, it's one of those IDICK ATMs!
You pull down your pants, lube your money maker, insert it int he whole and there comes Bitcoin fro everyone!

Is everyone in this topics mentally challenged or what? To get bitcoins from an ATM you insert dollars or fake Canadian made dollars in it, when you break it open you can take those bills, that's what the robbers were looking for? Is this hard to use the brain before talking shit?

this is one proof that education about bitcoin is very important LOL

this is the first time i've seen a case as funny as this ^{(in my country cases like this have never happened)}, do they think that bitcoin has a physical body, access to investigate what bitcoin is is now widely circulated on the internet and anyone can easily see that that's why the ATM thief seems to be a reckless person and not do some research first ^{(getting caught by the cops for something we can't have and have no physical body, that's really funny)}

It can be said that these robbers didn't find out first and just took it with the hope that there was something that could be used as money in it :D For some, including for me, this was actually funny because it turns out that robbing also requires a big enough plan so that they get results lol.
But it will be a different story with people who actually understand and are already in bitcoin because indeed they must be looking for other ways as has happened in some cases where someone was asked to hand over their wallet or was told to transfer their assets and indeed things like this can happen now and the latest in my country there is also something like this where a tourist is exposed to this kind of thing.

Slap an ATM sign on anything that remotely looks like a box with some buttons on it and I bet you robbers will come flocking for it. Funny how they don't know how bitcoin works lmao. Although just cause you can't steal bitcoin using conventional means and tactics doesn't mean you can't steal it entirely, there had been countless cases of people losing their bitcoins to thieves and some even go for large-scale especially during exchange attacks where hackers rake in millions of dollars in bitcoin in one go. So while it's safe from stupid robbers, the ones we have to look out for are those that know how things work,

But with all this being said, it's still great to know that at the very least, you get mugged and whatever, if your money's on bitcoin your funds are safe no matter what. Which is really great, considering we're already transitioning from digital to virtual age.

I think these particular don't really understand how bitcoin ATM works, if they had understanding they would have tried their best to succeed in their operations. Bitcoin can be robbed, people just need to be very careful how they conscious they are when it comes to security of their bitcoin and bitcoin wallets. Everyday scammers are getting better knowledge on how they can successfully robbed or scam people by getting their bitcoin. Bitcoin can be robbed in different ways , sometimes it can be because of our carelessness by taking security for granted and scammers get succeeds in getting what they want.

In the case of this image, the robbers didn't actually go after bitcoin, their target was to get fiat which they succeeded in getting. I have seen where people were robbed to get bitcoin from them in a gun point, and for us not to fall victim of been robbed it is important to be private not to allow strangers to know if we possess any amount of Bitcoin.  

There are some people who are always ready to use their talent for evil purposes. This group will also be a group among them. It's not that he doesn't know about Bitcoin or doesn't know about Bitcoin technology, he's actually trying to get free Bitcoin if it works. But sadly he failed in his mission. But I think he robbed the ATM expecting to get cash inside it. Those involved in such activities are always looking for easy ways to get cash. And this step is also a reflection of that.

How would the robbers justify to themselves that the goal they set out to achieve was not achieved when they must have planned how to get away with Bitcoin in an ATM? It's insane that they would even consider such a move in the first place. If not for cash, who would ever consider taking bitcoin from an ATM? The criminals are not familiar with Bitcoin at all.

For once, I had considered such an incident in the past. What if someone points a gun and ordered someone with Bitcoin to send it to an unidentified address? How will the person begin to trace the robber?

It is really funny, but funny enough it requires more plans and strategies for you to be able to execute a successful robbery than to do a legitimate business. Do you think that armed robber or even scammers do not do necessary planning before they can be successful in one robbery or scam?

If they tell you what they passed through in robbery, you will not believe. Someone that is doing a legitimate business is backed by law and can plan whatever he wants openly and seek for suggestions.

But someone that is into robbery cannot seek for other people's opinion unless from his gang members who might also not be informed about that particular case of robbery. Just like what happens with the Bitcoin ATM.

That's hilarious! I can imagine their faces when they realized they wasted their time and effort. Bitcoin is indeed mysterious and also very secure. You can't just steal it from a machine. You need to have the private keys and passwords.😂

Actually it's possible like because they also actually saw from this ATM robbery that their plan was good and they weren't caught when they tried to bring the empty machine but indeed in this case it was their ignorance about bitcoin that made them fail but that doesn't mean their plan was to rob it failed because they managed to thwart the ATM even though it was just useless because they didn't look further at what bitcoin was like but the point of the plan was definitely there.
Imagine cheating by telephone without planning, they will not succeed in tricking their victims if indeed there is no plan and the parts that must be carried out by the accomplice.

In this condition, we have our own circle of friends, and don't think that scammers don't have that kind of friendship, because the network could be bigger than expected, so it's possible to find information in advance with those who have done it, even though we may not know how. but they certainly won't move without knowing the loopholes and without professional guidance, right?

The sad thing is that people just expect things to happen - 'it's an ATM therefore it must have money inside it!'

Just like some people believe that you can buy Bitcoin Wallets on TOR/The Dark Web and the person selling them will be honest and give you the keys etc. so that you can access that account and transfer the Bitcoins from that Wallet to your own.

If that can actually be done, I would be very surprised.  I have to say that I know little about TOR/'Dark Web' but if something looks too good to be true...

Bitcoin is vulnerable to theft, as exemplified by the concept of a "$5 wrench attack." When individuals openly share Bitcoin-related content without safeguarding their identity, it becomes easier for someone to trace their location, workplace, or daily routines. Subsequently, the perpetrator acquires a cheap wrench and either confronts the victim at their residence or intercepts them during their regular morning walks. Through physical force or the threat thereof, the attacker coerces the victim into revealing their private keys or passwords to their Bitcoin wallet, resulting in the loss of their Bitcoin holdings. It is essential not to underestimate the possibility of Bitcoin theft.

But I think that these robbers are happy after their robbery. They are not for the Bitcoin but for the cash inside that ATM.  Only naive people thinks that these robbers walks out without anything in their hands.  Although they maybe not knwledgeable about BTC or even if they are, their main purpose is to rob that Bitcoin ATM of cash since it is possible that they knew they can be traced if they steal those Bitcoin.  I think these robbers are smart.

I think chain analysis can take care of that and since it has to do with a broad day event the police can get involved in the search of the person. But if the thief is not aware of bitcoin, to avoid the whole trouble and stress, the victim can quickly reduce the bitcoin fees such that it'll be difficult for miners to confirm the transaction, at least it can delay for days and get cancelled that's if the wallet doesn't support double spending.  

And there could be 2 sets of robbers, those who did their job and "case" it putting going after it, and those who are dumb who thinks that bitcoin ATM is the same as a regular fiat ATM. And then they think it's easy to steal because the machine is small as compare to a regular ATM, thus they can just pull it out and then have 4x4 to do that for them. However, they could be surprised that there are no money inside the ATM machine.  ;D

In any case, we should be aware of the $5 wrench attack as this is the most dangerous strike on us bitcoin investors. They can just go put a gun at you in your home and forcing you to give the robbers the access to your account.

The robber who came up with the idea that he would break into the Bitcoin ATM machine and take all the Bitcoins. This is really a funny thing. Although the robber didn't learn much about Bitcoin, maybe someone heard about the value of Bitcoin. And later he had such a stupid idea and did this. If the thief knew the details about the physical body of this bitcoin, he might not have done such a stupid thing. This is the first time I have heard this story and it makes me laugh. Earlier I heard ATM machines were vandalized by a thief for money. When the machine was broken there was no money and the thief was surprised to act like a fool. Likewise, another stupid thief broke into an ATM machine to get his hands on bitcoins to no avail. It's a funny thing really, the thief needs to have some knowledge but he may have no knowledge of the technology for which he broke the bitcoin machine.

fortunately the robber was not familiar with bitcoin, so his understanding was like an ATM in general. indeed this is a distinct advantage by using bitcoin, by not carrying cash, we benefit from crime. maybe after this the thief will learn about bitcoin and afterwards smile to himself while making a fool of himself. but also bitcoin users must always protect the private key so that it does not fall into the hands of other people

Very true, one of my friends was sadly attacked by somebody at a Bitcoin in-person meet - it turned out that a gang wished to rob him thinking that he had actual physical Bitcoins on him.

Sadly, he refused to trade again with anybody.

I am sure they took it literally, that since it is Bitcoin,.so the where hoping to see actual count, but ended up disappointed. They lacked the knowledge about BTC, that it is a digital currency.

LOL, I'm pretty sure these people think that there is a lot of cash inside, or even some physical form of value. which means, thieves trying to take advantage of those bitcoin ATM machines don't understand how Bitcoins work. When they do that, all they get is tired, and also chase from the authorities. it must have been their worst experience ever trying to rob.

They only think that Bitcoin ATM machines are the same as ATM machines in general which have a lot of cash in them.
Even though the Bitcoin ATM machine only contains the Bitcoin address and Privatekey held by the ATM machine owner.
It was the robber's worst experience and with great difficulty to damage the Bitcoin ATM machine.

The robber didn't learn about Bitcoin first so they didn't get anything out of their crime.
It was a pretty stupid robbery, but he will learn from this experience and try to figure out how Bitcoin works.

They obviously took the cash money from inside of the ATM after they cracked it open. The design of the ATM is not very successful btw it looks more like a tin can with thin metal and probably not too heavy too.  ;D

I think majority of the Bitcoin ATM uses Debit/Credit card which means if the ATM machine the bandits took doesn't use cash deposit it will be a major disappointment for them and if peradventure it uses cash deposit they will never be as satisfied as they should because no matter how much they realise from the machine the feelings won't be compared to that they would have had if it was Bitcoin the were able to steal because the deposit made at the machine will be retrieved by the operators on interval base since it is only programmed to accept fiat and send Bitcoin in return to the wallet provided.

You use cash to buy Bitcoin at Bitcoin ATMs.
You see in the following article, there is no bank cards to use and trade at Bitcoin ATMs that only have cash. If you need bank cards to use at Bitcoin ATMs, is it better than using banks and bank ATMs? KYC will be required and if you are Bitcoin user, more or less you don't like KYC.

Bitcoin ATMs: A beginner’s guide to Bitcoin teller machines (https://cointelegraph.com/learn/bitcoin-atms-a-beginners-guide-to-bitcoin-teller-machines)

If we just leave aside this case then there are many ways btc can be robbed like online scams or even physical threats also if someone came to know about your Bitcoin storage as we have seen in some cases.So the title don't go in all the ways as bitcoin ATM machine also have cash inside it so they can get it although they were fool enough to take it as fiat one.But there are ways if you are ignorant enough that your btc can go to someone else.

That's very funny for a person building Bitcoin ATM to withdraw Bitcoin or any other cryptocurrency, which is not possible, because Bitcoin is simply means a digital currency, which can not touched, but only see the virtual figure of the assets you have in wallet and all Bitcoin transaction are being done online. Accept when government officially accept as a means of transaction in a country, it can be able to link with Bank, by issues ATM to withdraw as Fiat money, base on the current price in market to the local currency exchange rate, it we come to past as long Bitcoin is exist on the planet

Thanks for that resourceful insight. I now get why Bitcoin ATMs won't use bank cards the KYC phobia; I used to think bank cards were the major means by which Bitcoin users purchased their coin but now I understand why cards will never be used on a Bitcoin ATM machine so as to maintain to keep the transaction pseudonymous.

I agree, Bitcoin just like any other asset and finances can be robbed if we are too careless with our information and security.  Hackers and scammers always aim to find vulnerabilities among Bitcoin holders.  If they found out that there is these vulnerabilities that they can exploit in order to get access to our Bitcoin then they can rob it.  So there are lot of evidence that can dispute @OP's title disregarding the incident of the ATM stated in the first post.

So I would say to the newcomers that are reading this thread that Bitcoin can be robbed if we are very lapse in securing our Bitcoin holdings.

This scenario that Op illustrated is not in agreement with the topic or subject matter, and in reality, Bitcoin can be robbed in the ATM if the robbers can hack through the Bitcoin ATM, it is just for them to transfer the funds there to an unknown wallet address.
And if the ATM were to dispense cash very possible except for the fact they are only used for online transactions which they can hack into and steal the money.

Those are naive arm robbers, they are very stupid of thinking of such and  making such move. They are ignorant of bitcoin. Bitcoin is only meant for online and nobody can steal the way they steal from the local Banks. Even they steal hardware wallet, yet they can't transfer the coins in the wallet without the key. Unless they forcefully took the keys from the owner as well. Then another how to do it, because from the op story the way I look at it , the arm robbers didnot even know anything about bitcoin they might only know that bitcoin is money and they were they to steal the money. Lol. What a disappointment.

This is the difference if you do have the knowledge or not and since these robbers do really have that kind of knowledge about ATM's on having fiat then they would really be coming after on whats inside.
The thing on here is that they do destroyed out an BTC ATM machine which you wouldnt really be seeing any cash inside or if ever there's one then it wont really be that soo much big.
Everything would really be that in digital form in terms of those amounts and if you dont have the idea on what it is, then you would really be having impressions that the said ATM is empty
and having no cash but eventually that is really having that funds inside but its on digital form.I dont know if these ATM's does have  that kind of private key generation for each
address, but if it does have then it could potentially be that known on those possible exploits of those wallets that had been that generated.