Detectives from the 6th District continue to investigate the October 6 theft of currency from a Bitcoin Automated Teller Machine (ATM) located inside a gas station in Montgomery Village. Today, the Police Department is releasing surveillance video of the two suspects and is asking for the public’s help in identifying them.
On Sunday, October 6, 2019,, at approximately 7:10 a.m., 6th District officers responded to the Sunoco located at 20050 Goshen Road for the report of a theft that had just occurred from the Bitcoin ATM.
The investigation by detectives determined that two suspects entered the store with their faces concealed and carrying pry tools. The suspects immediately went to the ATM and began prying the machine open. The clerk fled from the store and called the police. The suspects were successful in obtaining an undisclosed amount of money from the machine before fleeing in a gray Chevrolet Impala.
Anyone with information about the suspects or this theft is asked to contact the 6th District Investigative Section at 240-773-5770. To be eligible for a reward, tipsters may call Crime Solvers of Montgomery County toll-free at 1-866-411-TIPS (8477). Crime Solvers will pay a cash reward of up to $10,000 for information provided to them that leads to the arrest and/or indictment of these suspects. Tipsters may remain anonymous.
What in tarnation is a Bitcoin ATM?
Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion.
Bitcoin ATM kiosks are machines that are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airport. Keep reading to find out how Bitcoin ATMs work.