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Four scammers wanted for conducting double spending attacks in Bitcoin ATMs from major cities in Canada. The criminals managed to steal bitcoin worth of $200,000. Four Canadian men are wanted by the police for double-spending attacks on Bitcoin ATMs. The attacks took place in 7 cities across Canada, half of them taking place in Calgary. [...]
Double-Spending Explained Double-Spending within Bitcoin is when the same BTCs (digital money files) are used more than once. For instance, if you buy an item for $1, you cannot spend that same $1 to buy a different item. If this were to happen, money would have no value since everyone would have unlimited amounts and [...]