Stolen Bitcoin ATM Owners Suspect Memphis Robbery Was Inside Job

Tennessee-based BitKing LLC, a Bitcoin ATM provider who started operating last November with just one machine in downtown Memphis, has suffered their first burglary. After the story went viral on Reddit, CCN reached out to Sean Pezeshk, the company’s primary operator, for more information about the stolen machine. The Bitcoin ATM Was The Target Pezeshk, who together with Josh Roberts runs BitKing, says that on a recent Tuesday night, the ATM, which is normally located at Railgarten on Central Avenue in Memphis, was hijacked. The ATM was the only target, even though the thief could have stolen expensive liquor and

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US Govt Returns Stolen Bitcoin to Crypto Exchange Bitfinex From $65 Million Hack

Bitfinex cryptocurrency exchange has revealed that 27.66270285 BTC, a portion of the stolen funds from the 2016 hack, was successfully recovered by law enforcement of the U.S. government. Recovered BTC to Reimburse Recovery Right Token Holders Following the hacking event, Bitfinex launched an investigation with the assistance of enforcement agencies internationally, to trace the 119,756 BTC that vanished from the exchange’s premises. According to the recovery strategy outlined after the incident, Bitfinex generalized the losses from every account and credited a USD-pegged token dubbed BFX in an equivalent amount to the damages each customer suffered. Subsequently, Bitfinex gave its customers the option

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