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chemgear · 03-13-2019, 12:00 PM

https://calgarysun.com/news/crime/po...oin-fraudsters

Law enforcement teams in Calgary are spearheading a nationwide investigation into a suspected Bitcoin fraud ring that made off with nearly $200,000 in a little over a week.

Between Sept. 16 and 26, four men were captured on CCTV cameras making 112 withdrawals from Bitcoin kiosks in seven Canadian cities.

Police say the suspects were committing “double-spend” attacks — a type of fraud where someone withdraws money from a Bitcoin kiosk before remotely cancelling the transaction before the Bitcoin company can process the transaction.

Fifty-one of the fraudulent double-spends took place in Calgary.

03-13-2019, 12:00 PM	#490
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://calgarysun.com/news/crime/po...oin-fraudsters Law enforcement teams in Calgary are spearheading a nationwide investigation into a suspected Bitcoin fraud ring that made off with nearly $200,000 in a little over a week. Between Sept. 16 and 26, four men were captured on CCTV cameras making 112 withdrawals from Bitcoin kiosks in seven Canadian cities. Police say the suspects were committing “double-spend” attacks — a type of fraud where someone withdraws money from a Bitcoin kiosk before remotely cancelling the transaction before the Bitcoin company can process the transaction. Fifty-one of the fraudulent double-spends took place in Calgary.