Bitcoin
$ 30,237.00 2.88%
Ethereum
$ 2,034.23 3.03%
Solana
$ 52.67 5.59%
Dogecoin
$ 0.086646 2.66%
ApeCoin
$ 8.06 0.48%
STEPN
$ 1.42 6.01%
Terra
$ 0.000196 72.93%

Canadian authorities seek $150k double Bitcoin spending on ATM suspects

canada bitcoin scam suspects

Canadian authorities seek identification of cryptocurrency scammers who managed to spend their Bitcoins twice cashing out a total believed to be well over one hundred and fifty thousand dollars ($150,000) or over two hundred thousand Candian dollars (CAD 200,000).

A group of four men is at large in the Canada that successfully managed to work their way around the ATM protocols. The tools used are believed to be developed by the Canada based developer Peter Todd.

Todd is among the Bitcoin developers who developed a tool that allows processing transactions lost in the process, however, a tweaked version of the same is believed to be used for these scam transactions.

Canadian media reported that a total of one hundred and twelve (112) transactions have been made through the country where most took place in the Calgary province.

According to the police profiling, one of the suspects has attacked in the Toronto, Montreal, Ottawa and Hamilton area, while the other took the Calgary area for the attacks.

The other two suspects in the case have been found to have attacked and withdrawn the amounts from Winnipeg and Sherwood Park respectively.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

Related News

Hot Stories

Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Crypto exchanges are relisting LUNA after the crash
Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Dogecoin price analysis: DOGE continues to face rejection below $0.1 mark
Shiba Inu price analysis: SHIB shows bullish potential at $0.00001196

Follow Us

Industry News

Crypto exchanges are relisting LUNA after the crash
TAG Heuer adopts crypto payment option
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace