NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Calgary Police Seek Information About Suspects in $145k Bitcoin ATM Scam

Rick Delafont
Rick Delafont
6 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

An unnamed Bitcoin ATM provider serving the Canadian market was scammed last year across a number of the nation’s cities. Police are now seeking information regarding four suspects believed to be involved in the fraud.

The four men are believed to have taken around US$145,000 from the machines over the course of 10 days in 2018. According to reports, this was made possible by quickly cancelling transactions before the Bitcoin ATMs targeted could process them.

Four Suspects Hit Bitcoin ATMs Over 10 Days Across Multiple Cities

Calgary police are looking for help identifying four individuals suspected of being involved in the defrauding of a series of Bitcoin ATMs across cities in Canada. The four suspects are believed to have made a total of 112 fraudulent transactions in Calgary, Toronto, Ottawa, Winnipeg, Hamilton, Sherwood Park, and other locations. The total amount generated by the scam is just over US$145,000.

The dates of all the transactions fall between September 16, 2018, and September 26, 2018. According to a report in Canadian news publication CBC, just less than half the attacks on Bitcoin ATMs took place in Calgary.

A Bitcoin ATM is the general name given to a machine, often found in a place of business, that accepts fiat deposits in exchange for Bitcoin. In many but not all cases, users can also sell Bitcoin to the machine in exchange for local currency. The popularity of Bitcoin ATMs has exploded in recent years with many more units appearing worldwide – particularly in large US cities.

The four suspects in the Canadian Bitcoin ATM scam are believed to have figured out of a way to cancel transactions before they were fully processed by the provider of the units. This essentially gave them the value of the deposit in both crypto and fiat.

CCTV footage of the four suspects has been provided by Calgary police, with assistance from authorities in Ontario and Manitoba. The pictures were published in CBC, along with a statement from the Calgary police that speculated that the four suspects have “deep knowledge or interest in cryptocurrency, Bitcoin, and/or blockchain technology.”

Below is an image of each of the four suspects:

Each of the four suspects in the Bitcoin ATM fraud is believed to have targeted a different area.

According to reports, each of the four suspected of defrauding Canadian Bitcoin ATMs targeted a different area. The left-most individual in the above image is believed to have focused on Toronto, Montreal, Ottawa, and Hamilton. The next two are thought to have targeted Calgary and Winnipeg respectively. Finally, the right-most face belongs to the individual suspected of defrauding Bitcoin ATMs in Sherwood Park.

The Calgary Police Service is being assisted in its investigation by authorities from Toronto, Hamilton, Winnipeg, and Halton. The CPS requests that anyone with any information that could lead to the identification of one or more of the individuals pictured above contact the force’s non-emergency phone number on +1-403-266-1234, or to submit information through Calgary Crime Stoppers. 

 

Related Reading: Are Bitcoin ATMs Driving Adoption, Criminality, or Consumerism?

Featured Images from CPS and Shutterstock.
Tweet123Share226ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

dogecoin

Первый Dogecoin ETF близок к запуску: что это значит для рынка

Рынок мемкоинов получает новый импульс – REX-Osprey готовит первый в США ETF на Dogecoin. Эта новость вызвала оживленное обсуждение в...

daria 1 hour ago
Биткион и таймер

Биткоин теряет позиции: аналитики предупреждают о риске коррекции

В конце августа Биткоин не удержал уровень в $110 000, показав падение на 12% от исторического максимума. Для рынка это...

daria 1 hour ago

Previsioni Ethereum: ETH in Calo Intrappolato nella Sfida tra Orsi e Tori

In mezzo al tira e molla che sta scuotendo il mercato crypto, il prezzo di Ethereum si trova ora in...

clararosati 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin CDD Indicator Signals LTH Distribution As Demand Offsets Pressure

Bitcoin CDD Indicator Signals LTH Distribution As Demand Offsets Pressure

Sebastian Villafuerte 17 minutes ago
Little Pepe ($LILPEPE) Presale Nears Sell-Out as Meme Coin Market Eyes 100x

Little Pepe ($LILPEPE) Presale Hits $25M as Meme Coin Fans Eye 100x

Aaron Walker 25 minutes ago
XRP whale koopgolf van $340M - instituties stappen massaal in

XRP whale koopgolf van $340M – instituties stappen massaal in

Lars Diederiksen 57 minutes ago

Premium Sponsors

Press Releases

  • První mine-to-earn meme coin PepeNode získal 900 000 $ v předprodeji – zbývá jen 7 hodin ve fázi financování

    První mine-to-earn meme coin PepeNode získal 900 000 $ v...

    39 minutes ago
  • ドージコイン 今後の可能性:TradFiが注目する0.50ドルの壁とは

    ドージコイン...

    43 minutes ago
  • Meme coinok visszatérnek a játékba: a Snorter Bot Token (SNORT) előértékesítése meghaladja a 3,8 millió dollárt

    Meme coinok visszatérnek a játékba: a Snorter Bot Token...

    49 minutes ago
  • První mine-to-earn meme coin PepeNode získal 900 000 $ v předprodeji – zbývá jen 7 hodin ve fázi financování

    Prvi Mine-to-Earn meme coin PepeNode prikupio 900.000 $ u...

    57 minutes ago
  • リップル 今後:ETF承認期待でXRPが3ドルに接近

    リップル...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.