The Other Way To Steal Crypto: Armed Robbers Storm Ontario-Based Bitcoin Firm

Friday, January 26, 2018
By Paul Martin

by Tyler Durden
Fri, 01/26/2018

While sophisticated hackers breached CoinCheck’s security systems and ‘escaped’ with $400 million worth of NEM, criminals in Canada were a little less finesse and little more physical…

Employees at a Nepean, Ontario bitcoin business received a nasty surprise earlier this week: Three armed men showed up at their business, held them up at gunpoint, tied them up and tried to force them to transfer a bitcoin ransom to one of their accounts.

The incident occurred at 10:55 am when the three suspects gained entry to Canadian Bitcoins on Concourse Gate, which is just west of the intersection of Colonnade Road and Prince of Wales Drive, Ottawa Citizen.

A fifth employee was in another office and called the police; the three masked men fled when the squad cars arrived…

Armed with handguns, police said they tied up four employees, one of whom would later need medical attention after being hit in the head with a handgun.

The suspects tried to coerce employees into completing a transaction, Staff Sgt. Michael Haarbosch said. Bitcoin is not a physical currency, but a cryptocurrency that can be exchanged for other currencies, products and services. At the moment, one bitcoin is worth around $13,700.

A fifth employee was in another office and called police. The suspects fled empty-handed.

Officers quickly spotted a suspect running into a ravine north of Colonnade Road and called for backup. One suspect was arrested without incident while two others were still at large.

One of the men was caught by police, but apparently has refused to divulge the identities of his compatriots.

The Rest…HERE

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