Scammers steal £113,000 from Bitcoin ATMs by double spending before transactions can be cleared

clock • 2 min read

Attackers took advantage of 'replace by fee' feature that makes 'stuck' transaction become 'unstuck'

Police in Canada are hunting for four men who stole CA$200,000 (£113,000) from Bitcoin cash machines in a scam that took advantage of the slow speed with which Blockchain updates. The attacks to...

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