Silicon Valley Liquor Bitcoin ATM Robbery
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Surveillance footage captured thieves stealing a Bitcoin ATM from a Silicon Valley liquor store around 4:50 a.m. local time on Thursday. The video shows the ATM being tied to the back of a white van, which then drives forward, pulling the machine through the store's front entrance and knocking out a door. Police are reviewing the footage and investigating the incident, with no further details available.
This is a global/international case not involving a specific country.[1][2][3]
About None
"Bitcoin ATMs have popped up across the United States over the past year. The machine allows customers to buy or sell the digital currency, and sometimes extract cash, according to a Reuters report on the growing popularity of Bitcoin ATMs."
"Video obtained by NBC Bay Area appears to show the Bitcoin ATM wrapped with a cord and tied to the back of a white van outside the liquor store. The van then drives forward to pull the machine through the front of the store, knocking out a front door."
"Police said they are reviewing the surveillance video and are investigating.
No other information was available on the incident."
This is a global/international case not involving a specific country.
The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.
Include:
- Known history of when and how the service was started.
- What problems does the company or service claim to solve?
- What marketing materials were used by the firm or business?
- Audits performed, and excerpts that may have been included.
- Business registration documents shown (fake or legitimate).
- How were people recruited to participate?
- Public warnings and announcements prior to the event.
Don't Include:
- Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
- Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.
The Reality
This sections is included if a case involved deception or information that was unknown at the time. Examples include:
- When the service was actually started (if different than the "official story").
- Who actually ran a service and their own personal history.
- How the service was structured behind the scenes. (For example, there was no "trading bot".)
- Details of what audits reported and how vulnerabilities were missed during auditing.
What Happened
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
| Date | Event | Description |
|---|---|---|
| October 7th, 2021 5:51:26 AM MDT | Theft Starts | The van has arrived and the thieves have physical access to the liquor store. |
| October 7th, 2021 5:52:00 AM MDT | Theft Starts | After wrapping a cord around the bitcoin ATM, the machine is forcible extracted from the building. |
| October 8th, 2021 12:19:00 PM MDT | Twitter Post | The incident is shared on Twitter. Lots of comments fail to understand that the bitcoin ATM thieves were after the cash and not the bitcoin. |
| October 8th, 2021 1:28:35 PM MDT | NBC News Article | An NBC news interview |
| October 10th, 2021 12:47:47 AM MDT | Posted On YouTube | A video is posted on YouTube about the incident. |
Technical Details
This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?
Total Amount Lost
The total amount lost is unknown.
How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
Immediate Reactions
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?
Ultimate Outcome
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?
Total Amount Recovered
There do not appear to have been any funds recovered in this case.
What funds were recovered? What funds were reimbursed for those affected users?
Ongoing Developments
What parts of this case are still remaining to be concluded?
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ Thieves Break Into Silicon Valley Liquor Store to Steal Bitcoin ATM – NBC Bay Area (Apr 3, 2023)
- ↑ Thieves Break Into Silicon Valley Liquor Store to Steal Bitcoin ATM - YouTube (Dec 2, 2023)
- ↑ @scottbudman Twitter (Apr 18, 2024)