News Bitcoin firm says police shouldn't saw open Bitcoin ATMs to seize cash for scammed customers, will seek damages for destroyed machines — firm claim...

[Admin]

Bitcoin Depot Legal Chief says that police should not break open its ATMs to get scam victims' money back.

Bitcoin firm says police shouldn't saw open Bitcoin ATMs to seize cash for scammed customers, will seek damages for destroyed machines — firm claim... : Read more

 

[abufrejoval]

Well one thing is for sure: if sheriffs all over the place would make it a habit to recover cash from crypto ATMs, nefarious criminals would have to resort to cutting purse strings all over again.

And there you know you're dealing with a bad guy.

I struggle to see any benefit to crypto currencies, I stuggle even harder to find value in crypto ATMs for law abiding hard working tax payers.

So in this case, I'm with the cops and letting the ATM operator rethink their business model.

 

[Notton]

San Bernardino Sheriffs have admitted to pulling over and looting armored cars under civil asset forfeiture law.
Elsewhere, LASD have gangs within.
Jasper County looting an ATM?

I'm shocked, shocked I tell ya.
Well, not that shocked.

 

[Sluggotg]

San Bernardino Sheriffs have admitted to pulling over and looting armored cars under civil asset forfeiture law.
Elsewhere, LASD have gangs within.
Jasper County looting an ATM?

I'm shocked, shocked I tell ya.
Well, not that shocked.

Asset Forfeiture, Don't get me started. Some law enforcement officer can say "I suspect you will use this to commit a crime". Then they confiscate the item(s) and keep them forever. Without ever charging you with anything.

It is hard to understand how a cop can break out power tools and destroy some ones property without ever even asking them to unlock it. What's next? Bulldoze the wall of some one's house because they believe he has Pirated DVDs in there.... Without even asking him to open the door and showing him a warrant?

This is a somewhat Political Post. I try to avoid that here, (politics is not what we are here for). It is just to weird not to comment on.

 

[umeng2002_2]

idiot judge signing off on a warrant for that.

 

[edzieba]

It's no different than someone being scammed by someone demanding payment in a foreign currency, and then 'recovering' the stolen money by breaking into the foreign exchange they visited and cutting their safe open, rather than pursuing the actual criminal.

 

[Co BIY]

It's no different than someone being scammed by someone demanding payment in a foreign currency, and then 'recovering' the stolen money by breaking into the foreign exchange they visited and cutting their safe open, rather than pursuing the actual criminal.

But foreign currency exchanges aren't being used for these scams because they have procedures and practices in place that prevent their being used for illicit money laundering rather than encouraging it.

Facilitating crime and taking a percentage without legal risk is key to the business model. Just like pawn shops and just like some major financial institutions.

FYI - If you have a relative who gets taken by a crypto scam the money can be recovered if the police ( financial crimes specialists ) get on it fast enough (within days).