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Thieves Break Into Silicon Valley Liquor Store to Steal Bitcoin ATM – NBC Bay Area

by Crypto News
October 10, 2021
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Thieves Break Into Silicon Valley Liquor Store to Steal Bitcoin ATM – NBC Bay Area
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Surveillance video from a Silicon Valley liquor retailer reveals thieves taking off with a Bitcoin ATM.

The shop proprietor tells NBC Bay Space the incident occurred at 4:50 a.m. Thursday.

Video obtained by NBC Bay Space seems to point out the Bitcoin ATM wrapped with a twine and tied to the again of a white van outdoors the liquor retailer. The van then drives ahead to tug the machine by way of the entrance of the shop, knocking out a entrance door.

Police stated they’re reviewing the surveillance video and are investigating.

No different data was accessible on the incident.

Bitcoin ATMs have popped up throughout the USA over the previous yr. The machine permits prospects to purchase or promote the digital forex, and typically extract money, based on a Reuters report on the rising recognition of Bitcoin ATMs.

NBC Bay Space’s Raj Mathai spoke with Enterprise and Tech Reporter Scott Budman in regards to the brazen housebreaking at a Sunnyvale liquor retailer.

“Actually, if I used to be going after Bitcoin and making an attempt to steal it, I might hack as an alternative,” stated Caroline Chen, a enterprise professor at San Jose State College. “As a result of then I do know I can steal hundreds of thousands of {dollars} of Bitcoin in a single fell swoop, as an alternative of the ATM on the native comfort retailer that has $200 of precise money in it.”

There are actually over 48,000 Bitcoin ATMs throughout the nation, based on unbiased analysis web site howmanybitcoinatms.com.

In the meantime, Bitcoin this week bounced again by topping $55,000, CNBC reported. It marked the very best stage for the cryptocurrency since mid-Might.



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