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Canada | Public Assistance | Fraud | Bitcoin Scam | Bitcoin ATM Scam | Scam Artist

Canadian police, particularly the Calgary Police Service (CPS) Cybercrime Team is asking for public assistance in order to identify four individuals, who are allegedly involved in multiple fraudulent Bitcoin ATMs (BTMs) transactions.

According to an announcement published by the Toronto Police Service on March 13, in September of last year, the suspects made 112 fraudulent transactions at BTMs in seven Canadian cities, including Toronto, Winnipeg, Montreal, Hamilton, Calgary, Sherwood Park and Ottawa.

The CPS received an initial complaint about the same in October 2018, they believe that the suspect made “double-spend” attacks.

Double-spend Attack

The said attacks involve the suspect withdrawing money from a kiosk but before the BTM operator could process the withdrawal they cancel thei...

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