Bitcoin ATM stolen in a liquior store

[GeorgeJohn]

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.

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[Vatimins]

     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.

[DdmrDdmr]

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.

[pinggoki]

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?

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.

[DarkDays]

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 

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.

[dupee419]

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.

[ene1980]

~
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.

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  .

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  .

[bhooscream]

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).

[yazher]

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.

[pjwaffle]

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.

[Kasabus]

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.

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.   

[Pamadar]

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.

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.

[Nathrixxx]

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.

[bakasabo]

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.

[Oasisman]

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.

[AicecreaME]

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.

[cheezcarls]

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.

[Rufsilf]

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.

I know that this will eventually happen, stealing bitcoin ATM will be mostly a target and it wasn't a smart move either because they're just want the cash (fiat) they probably didn't know that it is impossible to steal bitcoins, and they're thinking that the ATM have a physical bitcoins on it.  Maybe that place was already under their surveillance for a couple of days or even weeks just to get that ATM.

Anyways, it's much safer to develop the bitcoin ATMs that have more security feature and cannot be stolen that easily.

[Theones]

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

Maybe Bitcoin ATM should make their machine more secure so that it won't easily be taken like that. Similar to how secure fiat ATM is.

So it's time for the manufacturer to adjust their design as they will be the target of random attacks in the coming months.

It is possible that the thieves were not targeting the cash that was in this ATM. It is possible that they wanted to steal the machine, check security and develop a different, more sophisticated, possibly non-invasive or maybe even remote method of robbing Bitcoin ATMs. 

[fullhdpixel]

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.

Will they get anything from a bitcoin ATM, is that even possible? I don’t know much about Bitcoin ATM or how it works,but I don’t know if it’s possible for someone to steal anything from them. Bitcoin ATM is not like the normal ATM where money is stored inside the machine.

If a normal machine is stolen by the thieves, then we all know that they will be stealing the money that is stored inside, so then what are they doing with a bitcoin ATM since there is nothing stored inside? Unless they are planning to sell it or what? And for some people who are saying that bitcoin ATM should be made stronger, how exactly are you doing that,It is similar to a normal ATM?And wouldn’t they have stolen a fiat ATM if they wanted to?