4 men wanted after alleged $195,000 bitcoin fraud

Marco Green
March 14, 2019

Calgary police are looking for four suspects in connection to a national investigation into bitcoin fraud that resulted in a loss of nearly $200,000 to a Canadian company.

Late past year, the Calgary police service received information relating to numerous fraudulent transactions made at Bitcoin ATMs that specifically target one Canadian Bitcoin company.

Police alleged 112 fraudulent transactions were made at bitcoin kiosks in seven cities during September, 2018.

Four men are wanted for a bitcoin scheme involving almost $200,000 in fraudulent transactions that occurred last fall in Ontario, Manitoba and Alberta.

In the case of this Bitcoin ATM brand, it appears it was crediting unconfirmed transactions to allow money to be withdrawn before it received the suspect's Bitcoin.

Each of the four suspects are accused of attacks in specific cities.

Bitcoin scheme suspect number four
Bitcoin scheme suspect number four

Four suspects with what police describe as "in-depth knowledge or interest in cryptocurrency, bitcoin and/or blockchain technology" are accused of defrauding the bitcoin company of almost $200,000 through "double spend attacks".

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

The third suspect is believed to be responsible for transactions that occurred in Winnipeg.

Anyone with information about the identity of any of the suspects is asked to call Calgary Police Service at 403-266-1234, regardless of what jurisdiction they live in.

The Calgary Police Service cybercrime team conducts and supports investigations into any crime that is found to have a connection to cyberspace, including fraud, drug trafficking, child exploitation and missing persons.

Other reports by Click Lancashire

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