Three men believed part of a larger syndicate were arrested on Thursday and Friday for allegedly stealing nearly HK$230,000 from bitcoin ATMs located in Hong Kong. Photo: AP Three men believed part of a larger syndicate were arrested on Thursday and Friday for allegedly stealing nearly HK$230,000 from bitcoin ATMs located in Hong Kong. Photo: AP
Three men believed part of a larger syndicate were arrested on Thursday and Friday for allegedly stealing nearly HK$230,000 from bitcoin ATMs located in Hong Kong. Photo: AP
Bitcoin
Hong Kong /  Law and Crime

Police arrest three after six Hong Kong bitcoin ATMs pilfered for HK$230,000 in first-of-its-kind crime in the city

  • The suspects, said to be ‘core members’ of a larger syndicate, took advantage of unspecified ‘loopholes’ in order to withdraw cash without authorisation
  • All three, aged 26 to 55, were arrested in Mong Kok over Thursday and Friday

Topic |   Bitcoin
Christy Leung
Christy Leung

Updated: 7:37pm, 15 Aug, 2020

Why you can trust SCMP
Three men believed part of a larger syndicate were arrested on Thursday and Friday for allegedly stealing nearly HK$230,000 from bitcoin ATMs located in Hong Kong. Photo: AP Three men believed part of a larger syndicate were arrested on Thursday and Friday for allegedly stealing nearly HK$230,000 from bitcoin ATMs located in Hong Kong. Photo: AP
Three men believed part of a larger syndicate were arrested on Thursday and Friday for allegedly stealing nearly HK$230,000 from bitcoin ATMs located in Hong Kong. Photo: AP
READ FULL ARTICLE