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Ketaki Dixit



A convenience store in Irving, a city in Dallas, Texas was robbed by two individuals, who used bear spray to rob a Bitcoin ATM as seen in the footage. The high amount of capsaicin in the bear spray disabled the clerk, making it easier for them to rob. The clerk was later taken to the hospital for treatment.

At 10 pm on March 22, one man entered the store and sprayed the bear spray on the clerk. In a few seconds, the other man entered and handed the crowbar to the first. After a lot of struggle, he manages to open the ATM, while the other man keeps a check on the clerk as he wipes his eyes. The robbers then sped away in a gray van along with the cash boxes. The Police described the suspects as black men in their late 20s to early 30s.

You could watch the video here:

A similar robbery took place Exxon in the 2200 block of Oates Drive, near North Galloway Avenue in Mesquite, six days after the Irving robbery. Around 11:30 AM a man used pepper spray to disable the clerk, while the other individual broke into the Bitcoin ATM. However, the Police have not said anything about how much money was stolen in both the robberies.

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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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HitBTC responds to allegations of insolvency, refutes claims made by Redditors




HitBTC responds to allegations of insolvency
Source: Unsplash

HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:

“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”

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