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Texas Sheriffs Use Power Tools to Retrieve $32,000 from Scammed Bitcoin ATM

2025-06-21

Texas sheriffs employed power tools to recover $32,000 from a Bitcoin ATM after a Jasper County family reported being scammed out of $25,000. Photos show officers using a circular saw to break into a Bitcoin Depot kiosk, retrieving stacks of cash. The incident highlights the vulnerability of Bitcoin ATMs to scams, with the FBI reporting $107 million in losses related to these machines for Americans over 60 in 2024. While authorities recovered the victim's funds, the online scammers remain at large.

Coinbase Data Breach Sparks Fears of Kidnappings and Deaths

2025-05-20

TechCrunch founder Michael Arrington claims that a recent Coinbase data breach, exposing sensitive user data like addresses and balances, will lead to deaths due to a surge in kidnapping attempts targeting high-net-worth crypto holders. Arrington calls for a re-evaluation of KYC regulations and imprisonment for executives failing to protect customer data. Former Coinbase CTO Balaji Srinivasan counters that the problem stems from government-mandated KYC data collection. The incident highlights serious security and privacy concerns in the crypto space and sparks debate over the merits of KYC.