Police seek four suspects in bitcoin fraud investigation

By The Canadian Press

The Calgary police have asked for the public's help identifying four men wanted in connection to a almost $200,000 bitcoin scam that targeted seven Canadian cities.

The fraudulent transactions occurred in Calgary, Toronto, Montreal, Ottawa, Hamilton, Winnipeg and Sherwood Park between September 16th and September 26th, 2018.

Cybercrime Team (CPS) is investigating a series of fraudulent crimes with Bitcoin ATMs that resulted in the Canadian blockchain company incurring a loss of 195,000 Canadian dollars (approximately 146,000 USA dollars). These kind of attacks are possible due to the fact that it is possible to withdraw money from a Bitcoin kiosk and remotely canceling the transaction before the company can process the withdrawal.

The cybercrime division of the Calgary Police believes that these suspected fraudsters with in-depth knowledge of bitcoin transactions successfully pulled off 112 double spend attacks over a span of ten days.

More news: Mixed reaction to cellphone ban in Ontario classrooms

Each of the four suspects is accused of attacks in specific cities. Besides Calgary, the suspects also conducted double-spend attacks on Bitcoin ATMs in cities like Toronto, Montreal, Winnipeg, Ottawa, and more. Calgary police say they began investigating the matter in October 2018 after receiving a tip-off. The tools themselves weren't created for such activities, but allow for "stuck" transaction to go through using additional fees. The second double-spends that transaction with a transaction with higher fees, paying only the change address.

Law enforcement teams in Calgary are spearheading a nationwide investigation into a suspected Bitcoin fraud ring that made off with almost $200,000 in a little over a week.

Looking for the suspects, Calgary Police are being aided by other law enforcement agencies, including the Toronto Police, the Winnipeg Police Service, and more.

Individuals with any leads can submit their tips to Crime Stoppers. That is why services ask for multiple confirmations for every transaction.

Related News:

  • Former soldier to face prosecution over killings — Bloody Sunday

    Former soldier to face prosecution over killings — 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. Linda Nash, the brother of William Nash, a 19-year-old killed on the day, was tearful when she emerged from the hotel.
    Kim Jong-nam murder: Malaysia rejects suspect's release plea

    Kim Jong-nam murder: Malaysia rejects suspect's release plea

    Vietnam's justice minister had also written to Malaysia's attorney-general asking for her to be freed. They did not offer any explanation but it followed intense lobbying from the Indonesian government.
    Trump budget would slash billions from HUD, grant programs

    Trump budget would slash billions from HUD, grant programs

    Because the program is so big, even a small reduction in percent terms can add up to hundreds of billions of dollars over time. Irrespective of what happened earlier, the President said that his new budget plan is a top-priority for 2020 re-election.
  • Powerball soars to almost  $500 million

    Powerball soars to almost $500 million

    There were no jackpot winners in Saturday's lottery , but more than 36,000 people won prizes in IL after the drawing. Those numbers were 69, 36, 45, 47 and 18 . · There were 1,468,589 tickets sold in the drawing that won at least $4.
    Inflation remains tame in February

    Inflation remains tame in February

    Food consumed at home rose 0.4 per cent last month, boosted by more expensive dairy products, fresh vegetables, cereals and meat. Gas prices for U.S. drivers were $2.31 a gallon on average in February, up from $2.25 in January, according to the U.S.
    Steve Kerr Tries To Brush Off Comment About Draymond Green

    Steve Kerr Tries To Brush Off Comment About Draymond Green

    Asked on Monday if he had spoken to Green following his reported remarks, Kerr said: "That's private". Kerr appeared to be venting his frustration with his star forward.
  • Celebrating Pi Day? Pizza company offering $3.14 deal on Thursday

    Celebrating Pi Day? Pizza company offering $3.14 deal on Thursday

    Cream & Amber The brand-new bookstore/bar/cafe is offering pie and craft beer pairings, plus pi- and pie-themed books. To that end, Schlotzsky's is celebrating by giving away a free bag of chips with the purchase of any entree.
    Sarri responds to reports Hazard could join Zidane’s Real

    Sarri responds to reports Hazard could join Zidane’s Real

    The ex-Crystal Palace chief believes the Blues could well keep Hazard in the capital at the end of the season. Hazard is again being linked with Real Madrid after Zinedine Zidane's return as coach this week.
    Dollar pulls back from nine-day low as pound's rally tapers off

    Dollar pulls back from nine-day low as pound's rally tapers off

    Oil prices extended overnight gains with USA crude up 15 cents per barrel at $58.41 and Brent adding 22 cents to $67.77. Treasury yields rose after falling the previous session as risk appetite improved and equity markets steadied.
  • Pound falls sharply on Brexit deal advice

    Pound falls sharply on Brexit deal advice

    A DUP spokesman said: "We note the prime minister's latest statement and update on our European Union exit negotiations". So hardcore Brexiteers, who want a clean break with the European Union , are deeply unlikely to back her in the vote.
    Avengers Endgame trailer: Tony Stark is back on Earth

    Avengers Endgame trailer: Tony Stark is back on Earth

    While Marvel, for obvious reasons couldn't show glimpses of the final showdown with Thanos, they gave us the next best thing. The trailer eventually goes on to show how the Avengers are grieving as they recount the aftermath of the snap.
    South Africa Thrash Sorry Sri Lanka Despite Udana Heroics

    South Africa Thrash Sorry Sri Lanka Despite Udana Heroics

    Sri Lanka have lost all eight ODIs under Malinga's captaincy and the veteran was dismissed in nearly embarrassing circumstances. Rixon, the fielding coach, will take charge of the team for the three T20 games between March 19 and 24, Silva said.


Most liked

Kyle Busch completes weekend swept in Arizona desert
He did manage to keep his No. 9 Chevrolet off the fall and wound up 14th. "I think he was kind of riding back there, too". Drivers are set to compete in Sunday's TicketGuardian 500 at ISM Raceway in Phoenix.

Chelsea consider complaint over 'dangerous' surface for Dynamo Kyiv tie
Willian is the captain for the night while Gonzalo Higuain's absence means a start for Olivier Giroud. I don't know him that well but I'm sure that's the standard at Chelsea he's going by himself.

NASA Opportunity's Last Image: Beautiful Panorama Reveals Mars Rover's Final Resting Place
Its mission was supposed to last only 90 days, but it ended up doing NASA's bidding millions of miles away from home for 15 years. After several attempts to restore contact from Earth, they received the final communication from Opportunity on the June 10th.

Real Madrid announce £43m deal for Porto centre back Eder Militao
The player could yet the be the start of a summer splurge at Real after Zinedine Zidane's unexpected return to the club this week. And Real have already moved to land Zidane his first new player ahead of next season by agreeing a deal for 21-year-old Militao .

Jussie Smollett Pleads Not Guilty To 16 Counts Of Disorderly Conduct
When Watkins warned him to show up on time for each future court hearing or risk jail time, Smollett replied, "Yes, your honor". There were several supporters outside the courthouse doors as Smollett arrived for the hearing, including some who waved signs.

Chiefs Release Eric Berry
He has 440 tackles, 5.5 sacks, 51 passes defended, three forced fumbles and two fumble recoveries. Berry was able to overcome cancer and was even named the 2015 Comeback Player of the Year.

R. Kelly appears in Chicago court in child support case
He has since been dogged by mounting underage sexual abuse claims linked to the damning Lifetime docu-series Surviving R. Police were called to Trump Tower earlier Tuesday, for a matter related to Kelly that turned out to be a false alarm.

New Italian law requires students to be vaccinated or face repercussions
Italian children are no longer allowed to attend school unless they can prove they have been properly vaccinated under a new law. The goal of the law, according to a government website , is to fight the gradual decline in Italy's vaccination rates.

Xbox One Phantom White controller is official: Pre-order now
The app has been in testing for months, but this is the first time that the general public will have access to it. Click on it, and your screen will cast to the display your Xbox One is connected to.

'Avengers: Endgame' co-director Joe Russo to visit India
Joe Russo will kick off Asia Pacific promotional tour for Avengers: Endgame in India. Avengers: Endgame is scheduled to be released in theaters on April 26, 2019.

Apple rushes to add HBO and Showtime to streaming service
To add fuel to this rumour the invite, sent out by Apple, shows an image of an old-fashioned cinema screen with a countdown clock. Get ready for Apple's iPad lineup to expand once more, with Apple bringing new sizes to its tablet family.

YouTuber Olivia Jade caught up in massive Federal Bureau of Investigation college fraud scandal
US Magistrate Steve Kim ordered Loughlin released from federal custody on US$1 million (RM4.08 million) bond following a brief hearing.

Spotify Files EU Complaint Against Apple Over 30 Percent App Tax
Monday's official complaint marks a public escalation in the music-streaming service's long-running battle with Apple . Mashable has reached out to Apple for comment and we'll update this article when we hear from them.

Females heart, soul of 'Kalank': Karan Johar
I apologised to everyone on the set but Alia was not talking to me. "One day, I reached 20 minutes late for the shoot". I thought she has signed two-three big films so maybe that's the reason.

Livescore: Latest Champions League result for Barcelona vs Lyon
The topic of the human soul is one that has perplexed humans since the dawn of time. We were able to recover the ball higher, posed problems and reduced the score.