Bitcoin ATM Ripped Off by Thieves From Barcelona Crypto-Store

Bitcoin ATMs allow customers to purchase cryptocurrency using cash or a debit card.

By Reuters | Updated: 13 November 2021 11:18 IST

Bitcoin ATM Ripped Off by Thieves From Barcelona Crypto-Store

Highlights

Spain has 158 such machines, the highest number in Europe
Bitcoin ATMs allow customers to purchase cryptocurrency
Some ATMs also let users exchange their crypto holdings for cash

Spanish police are investigating the robbery of a 'Bitcoin ATM' in a raid on a cryptocurrency exchange outlet in a wealthy Barcelona neighbourhood, local media reported on Friday.

Bitcoin ATMs allow customers to purchase cryptocurrency using cash or a debit card, while some also let users to exchange their crypto holdings for cash.

According to data from the Coin ATM radar website, which tracks the location of crypto ATMs, Spain has 158 such machines, the highest number in Europe.

Asset Exchange Crypto.com Launches Visa Crypto Card in Brazil

Catalonia's Mossos d'Esquadra police force said an AfTM had been stolen at around 3 a.m. and declined to provide any more information to avoid hindering the investigation.

Citing police sources, EFE news agency said thieves took the Bitcoin ATM from a shop on Beethoven street in the Sarria area, home to a branch of the GBTC cryptocurrency exchange.

GBTC did not return multiple requests for comment and the police declined to confirm the exact location of the robbery.

Bitcoin Investors Are Holding, Exchanges Just Have 12.9 Percent: Report

An unverified video purporting to show the crime showed an SUV ramming into the closed shutters of the GBTC storefront before half a dozen or so people in hoods carried the cash machine into a second car waiting on the street.

One of the assailants sprayed a fire extinguisher at onlookers as the two cars sped off into the night.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.