Lincoln Bitcoin ATM Location Robbed By Masked Burglar For Unknown Amount

In downtown Lincoln a business has just suffered a significant loss, this is after a masked burglar was able to break into the bitcoin ATM that was in its premise and was able to get away with an unknown amount of cash. A further review made on the surveillance placed in the building was able to establish that the thief was able to get in by smashing a glass door. This was at the Haymarket’s The Mill Coffee and Tea Shop.

Angela Sands an officer investigating stated that the theft occurred at around Thursday 3:30 am.

More on the Bitcoin ATM

The ATM was able to allow various users to exchange their cash for Bitcoin or you could use it to scan a QR code and go ahead to exchange the current Bitcoin that you have for cash quickly. It was designed as a kiosk owned by the Alpha BTC that has been based out at Omaha. The coffee house that was broken into is located at Eight and P streets.

The incident happened at a time when there has been a rise in theft within the crypto market. Thus, the break-in that took place that led to the theft from the ATM has brought about various questions on the feasibility of the current installation. But since the thief had to break into the coffee shop to access the ATM, then it is clear that the thief was only able to steal the cash because he got access to the ATM inside the shop.

As a result, this has been able to shift the focus on the actual feasibility of the ATM installation to the actual security in the locations they have been placed. Having these digital assets at such high risk, then one would expect the security level of these locations to be optimally high and also enhanced to make it hard for break-ins to take place.

An increase in digital asset value

It is clear that the rise in value within the digital assets as compared to the fiat currency is the main factor that has helped in fueling such incidents from taking place in the crypto market. However, it is important to note that fraud and theft are not the only negatives that have been plaguing this ever-growing community.

In the past, the hackers that are trolling the internet have been a significant threat to most of the investors. There have been several cases of hackers who have targeted specific individuals and also big institutions with the use of ransomware and going ahead to demand payments in Bitcoin.

This is not all as there have also been other reports of crypto exchanges that are being hacked in the market and the criminals stealing large sums of bitcoin and various digital assets. As the crypto coins are getting more popular and even get validated as a fiat currency, it is clear that the relevant stakeholders and also authorities within the market will be taking more measures and develop a much better way they could stem the vice.

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