Stupidity or Greed? Why Steal Bitcoin ATM?

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On November 3, two robbers stole a Lamassu Bitcoin ATM at the Village Smoke Shop in Atlanta, Georgia, according to local news website Clatl.com. According to Atlanta’s Police Detective Scott Bowers, the thieves got away with Bitcoin ATM (also called BTM) filled with about US$2,000 as it was recently emptied. What’s more is that one of the perpetrators fired a gun shot, though luckily no one was injured. It seems that the thieves wanted to get their hands on this machine in particular. Amanda McCollum, an employee in Midtown’s Village Smoke Shop, witnessed the crime. She saw that the suspects “walked in, went straight to [the Bitcoin ATM], took it and only it, and walked out.” However, stealing a Bitcoin ATM is not a good idea. While a Lamassu Bitcoin ATM itself is valued at US$7,000, the criminals would not be able to re-sell it because it is registered to the buyer with serial numbers linking them to the original owners. Moreover, no one except the owner will be able to get any bitcoins from the machines while most BTMs don’t hold a lot of cash inside as a rule. Nevertheless, one must be cautious when installing a small BTM …

Teenager Jailed for Selling €4 Million Worth of Drugs on the Dark Net

admin Negative Bitcoin Press, Silk Road, The Deep Web & Dark Net 0 Comments

Dubbed by German newspapers as the “Bedroom Dealer,” Maximilian S. was an aspiring drug kingpin who ran an entire operation for two years out of his mother’s flat. Having sold a mixed bag of tablets, hashish and LSD (valued at around €4 Million) for bitcoin across the dark web under the screen name Shiny Flakes, Maximilian was finally caught when a neighbor illegally went through a package waiting on Maximilian’s doorstep. According to Norbert Goebel, the presiding judge at the Saxony state high court in Leipzig, the teen had been engaging in “highly criminal activity” since 2013, and facilitated the movement of “almost a ton of narcotics.” Upon raiding Maximilian’s house in Leipzig last February, the police found an assortment of drugs weighing around 300 kilograms, along with €48,000 in cash. The Bedroom Dealer’s one-man operation had been one of the most sophisticated in its nature. He had rented servers in Netherlands, used a group of IP addresses throughout Germany, and even opened multiple bank accounts under fake IDs to channel his profits through. During trial, a psychiatric evaluation of Maximilian showed that he had signs of “disturbed social behavior”, lacking emotional security. His 48-year-old mother, who was not allowed …