Gang of Masked Men Raid Bitcoin Embassy in Birmingham

  • A gang of masked men were seen raiding a Bitcoin (BTC) exchange in Birmingham.
  • Luckily, nothing of value was taken during the odd encounter, but an investigation is underway to get to the bottom of the mystery.

Footage taken outside of a Bitcoin exchange in the English city of Birmingham shows a group of masked men raiding the offices of the exchange.

The footage was reportedly taken on July 15, and it is some of the only evidence that West Midlands Police have in the case. Multiple witnesses saw the attempted robbery take place, and while no one dared to interfere with the burglars, they did manage to record the final moments of the failed heist.

Adam Gramowski, the owner of the exchange, says that the thieves attempted to steal a Bitcoin ATM by tying a rope around the machine and attaching it to their car.

Gramowski suspects that the thieves were hoping that cash was stored in machine, but he says that there wasn't any inside. They wouldn't be able to get any Bitcoin out of the machine either. Gramowski told the Daily Mail:

"I assume that what can be seen in the clip was some sort of rope, that the robbers wanted to attach to the ATM in order to rip it off the wall and drag it behind the car. As you can see, the thieves were spotted by our CCTV operator and were scared away by our countermeasures. There are no BTC [Bitcoin]in the machine, they are being sent directly from our server. The robbers were after cash."

An alarm rang as the thieves broke into the store, causing them to frantically grab what they could before fleeing.

After the incident, video of the failed heist was posted on Facebook with the caption, 'Good morning Birmingham - let's start the day off with a video of a robbery in Sparkhill last night.'

A spokesman for West Midlands Police said:

"Police are investigating an attempted burglary at The Bitcoin Exchange on Formans Road, Sparkhill, Birmingham just before 10pm on Monday (15 July). A group of people gained access to the shop, but left without taking anything. Enquiries continue and anyone with information is asked to contact us via Live Chat at west-midlands.police.uk between 8am and midnight or call 101 anytime, quoting crime reference 20BE/168249B/19. 'Crimestoppers can be called anonymously on 0800 555 111."

In person theft is certianly still a problem in the world of crypto. Earlier this month, CryptoGlobe reported that Six men and one woman were arrested in India for kidnapping three people in an attempted Bitcoin ransom.

Peter Schiff: ‘I Just Lost All the #Bitcoin I Have Ever Owned’

Siamak Masnavi

On Sunday (January 19), famous gold bug and Bitcoin critic Peter Schiff claimed that he had lost access to all of his Bitcoin holdings.

On 4 July 2019, Schiff, who is the CEO of Euro Pacific Capital, a full-service, registered broker/dealer specializing in foreign markets and securities, and founder and Chairman of SchiffGold, a full-service, discount precious metals dealer, and a man who is extremely bullish on gold, bearish on the U.S. dollar, and highly skeptical about Bitcoin, admitted to owning Bitcoin (BTC), Ether (ETH), and Bitcoin Cash (BCH), and said that he was going to HODL his bitcoin no matter what happens to the Bitcoin price.

Earlier today, Schiff took to Twitter to express his anger with Bitcoin after allegedly losing access to the crypto wallet that holds his bitcoin:

Although Schiff thinks that the wallet he was using has "somehow" gotten "corrupted" and that is why his password -- which he is sure of remembering correctly -- is being rejected, not everyone in the crypto community is convinced that is right.

One of those who believes that Schiff has simply forgotten his password is Anthony Pompliano (aka "Pomp"), Co-founder and Partner at Morgan Creek Digital:

After Schiff denied forgetting his password, Pomp, offered to help Schiff recover his bitcoin:

Interestingly, Schiff then claimed that the unfortunate situation with his wallet has not occurred because he incorrectly set up the wallet, and that it was in fact Eric Voorhees, Founder and CEO of ShapeShift, who set it up:

Carlos Acevedo, Director of Sales at Brave, then told Schiff that Bitcoin was not to blame and that if Schiff had used a cold wallet (such as a hardware wallet made by Ledger) or made a note of the recovery phrase, then this situation could have been prevented:

Schiff says that he did not change to a more secure wallet because he wanted all those people who had sent him bitcoin last year to be able to "easily monitor their value".

Although quite a few people are now blaming Voorhees for not making saving the private keys for the wallet he allegedly set up for Schiff, overall, there is not much sympathy for the man who has constantly been attacking Bitcoin over the past few years.

Featured Image Credit: Photo via Pixabay.com