Sunday, 14 November 2021

What can be done with a stolen Bitcoin ATM?

The recent news from Spain about stolen Bitcoin ATM brought up some questions in mind.

  1. Is it useful only to steal the cash that was deposited inside the ATM for purchasing bitcoin? In that case won't it be more productive to steal a Cash dispensing ATM since it may contain more cash?
  2. Can that Bitcoin ATM be connected online to deposit cash again and again for infinite money? I do not think this would be possible since it may get detected by ATM operator and also probably deactivate it as soon as they got to know it is stolen.
  3. May be they can leave it online and functional to see what are all the wallets that the Bitcoin is getting deposited to?
  4. Are there any other security risks from the ATM like information of cards or wallets being used for transactions?
submitted by /u/PremdeepVR
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