Hong Kong police have arrested three men believed to be tied to a broader syndicate who allegedly cheated bitcoin ATMs out of nearly HK$230,000 (US$30,000), the first case of its kind in the city.
The force took action over the past two days after reports were filed by two cryptocurrency exchanges. The exchanges suspected the culprits had taken advantage of “loopholes” in the ATMs, withdrawing cash without official authorisations.