UK Thieves Attempt to Steal Bitcoin from a Bitcoin ATM, Machete and Sledgehammer Involved
In one of the funniest incidences, a Bitcoin ATM located in a grocery store in the Northampton area has been stolen by three thieves trying to take out Bitcoin from inside the machine. The group of three went into the shop with the intent to steal Bitcoin from the machine. One of the three robbers threatened the shopkeeper while the other two took out the machine from its wall attachment using a sledgehammer.
Although, it's highly improbable that the robbers would have managed to steal any Bitcoin given the fact that the Bitcoin does not exist in physical form, but the financial damage caused by these robbers are yet to be determined.
The robbery reportedly took place at around 20:30 on March 12th, the local police got into actions only today. The robbers managed to take the ATM along with them. One of the police officers involved with the case reportedly said,
“All the men wore face coverings and gloves. The one with the machete is described as wearing a black balaclava, black puffer parka jacket, blue jogging bottoms, and light colored trainers. The man with the sledgehammer wore a black balaclava, grey/green puffer style parka jacket, black jogging bottoms, and black trainers. The third man wore a grey puffer style parka jacket and had a grey face covering.”
The Northampton police have reportedly appealed to the public to inform the police ar earlies if they have any information on the robbery that took place in the late evening of Tuesday.
The ATM stolen in the process would not fetch anything to the robbers not only because Bitcoin is stored digitally through a randomly generated receipt which is quite impossible to crack even if the robbers possessed best of technical abilities. But, also because Bitcoin ATMs in the area does not really attract any customers due to its high commission charges.
According to a recent survey, only 3% of the people who were asked have ever invested in digital assets in the locality, while 1.5% of them have accessed crypto ATMs for any use thus, its quite evident that the robbers would be pretty dumbfounded when they have opened the machine to find “no-bitcoins‘.
The robbery of ATM might not impact any of its users even if they used the ATM to withdraw or deposit any amount of Bitcoin. Bitcoin does not exist in physical form, as it is basically just a bunch of codes. The wallet or custodial system is very secure as well, as any private wallet consists of a long string of randomly generated alphabets and numerical which is next to impossible to crack.
The Bitcoin enthusiasts must be feeling sorry for those robbers as this much of risk would only fetch them a jail term. So, if you are a robber and reading this, you must know that in order to steal Bitcoin, you would probably need a few crypto lessons to make better heist next time.