Hackers who stole $150K From Bitcoin ATM & Still Out There

Toronto police issued a statement seeking public help help to locate four men related to numerous fraudulent transactions made at Bitcoin ATMs that specifically target one Canadian Bitcoin company. They use “double-spending” which involves cancelling a transaction before it’s had chance to be confirmed and keeping the withdrawn funds, to steal about $150,000 in 10 days.

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Hackers who stole $150K From Bitcoin ATM & Still Out There

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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