4 men sought in connection to multi-city cyber crime scam

4 men sought in connection to multi-city cyber crime scam

At the time of compiling this article, the four suspects who are allegedly responsible for these fraudulent transactions have been identified but yet to be apprehended.

The attacks were carried out for 10 days in September of past year. The total amount generated by the scam is just over US$145,000.

In a space of 10 days (between September 16 and September 26, 2018) the team recorded a total of 112 fraudulent transactions made across seven cities in the country. The popularity of Bitcoin ATMs has exploded in recent years with many more units appearing worldwide - particularly in large United States cities.

Police say the suspects committed "double-spend attacks" in which they withdrew money from a bitcoin kiosk and then remotely cancelled the transactions before the withdrawal was processed. This essentially gave them the value of the deposit in both crypto and fiat. Though the identities of the perpetrators are not now known, the Calgary police are requesting the public's help in identifying them.

"Authorities believe the individuals have n-depth knowledge or interest in cryptocurrency, bitcoin and/or blockchain technology".

Each of the four suspects is accused of attacks in specific cities.

According to reports, each of the four suspected of defrauding Canadian Bitcoin ATMs targeted a different area. The remainder occurred in Toronto, Montreal, Ottawa, Hamilton, Winnipeg and Sherwood Park, Alta. The next two are thought to have targeted Calgary and Winnipeg respectively.

Bitcoin scheme suspect number three.

Agencies including the Toronto Police Service, Hamilton Police Service, Winnipeg Police Service and Halton Regional Police Service are assisting CPS.

People from any jurisdiction with information on the suspects are asked to contact the Calgary Police Service's non-emergency line at 403-266-1234, or they can submit tips anonymously through Crime Stoppers.

Featured Images from CPS and Shutterstock.



Related Posts

Klopp delighted to put Liverpool back on the map
He also scored a headed goal, Liverpool's crucial second, prompting Klopp to highlight his vast value to this team. And Klopp couldn't help but praise his star man after the match that could see some big celebrations come May.

Brexit: Attorney General says backstop risk "unchanged"
The party released a statement later saying, "In our view, sufficient progress has not been achieved at this time". However, the text of the 585-page withdrawal agreement remains unchanged.

A day not to 'like' for Facebook, hit by outage, criminal probe
The social media giant acknowledged the report in a tweet, saying that it is already facing federal investigations . Facebook's data sharing deals are coming under hard scrutiny by American federal investigators.

EU Reportedly to Crush UK With Billions in Brexit Delay Punishment
Discussions at official level continued this weekend on some kind of legal guarantees that might persuade MPs to back the deal. It is legally binding. "These are the legally binding changes that parliament asked us to secure".

Popular Dublin pizza place offer ANY PIZZA for €3.14 this week
To that end, Schlotzsky's is celebrating by giving away a free bag of chips with the purchase of any entree. Hungry Howie's : Purchase any Howie Bread at regular price and get a medium one-topping pizza for $3.14.

Italy changes laws over unvaccinated children attending school
Italian children have been ordered not to attend school unless they prove they have been appropriately vaccinated. The law came in the wake of measles outbreaks - 5,000 people in Italy got the illness past year , and four died.

One former British soldier to face charges over Bloody Sunday killings
The Ministry of Defence has confirmed it will cover the legal costs of any soldier facing criminal charges over Bloody Sunday. A silent crowd lines both sides of the road as the funeral procession of those who died Bloody Sunday passes, 02-02-1972.

Province to ban cellphones in classrooms
One of these government sources explained to CTV News , "When the school day starts, the phones go off". Instead, McRae said schools should be helping students find a healthy balance for their cellphone use.

5 children, 4 others dead in Brazil school shooting
Students gathered outside the school recounted harrowing attacks and seeing several bodies lying in pools of blood. Brazil , the biggest nation in Latin America, has the largest number of homicide deaths in the world each year.

Lok Sabha Elections 2019: J&K National Conference snubs meet with Election Commission
Congress has sought to deflate the BJP's advantage over the clash with Pakistan , questioning the potency of the strikes. However, he did not clarify the exact allegations on the basis of which the party complained to the electoral monitor.

© 2015 ExpressNewsline. All Rights reserved.