bitcoin can't be robbed

[lovesmayfamilis]

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

[joniboini]

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 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?

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.

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/

[death69]

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.

[Mr.sprin]

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.

[crwth]

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.

[Flexystar]

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.

[Maxre]

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.

[mk4]

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.

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.

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.

[tabas]

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.

[loopes]

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

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

[BenCodie]

Re: bitcoin can't be robbed

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

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.

[Kakmakr]

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.... 

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. 

[justdimin]

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 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?

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.

[vitya1982]

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.... 

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. 

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.

[Jody.Drummer]

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.

[speedy963]

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

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

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 ltr]

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.

[MarjorieZimmermanGinger]

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.

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.

[xSkylarx]

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.

[Odusko]

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.