Yikes! Three armed men tried to rob a Bitcoin Exchange in Canada

As many non-tech savvy people think that Bitcoin looks like a Gold coin as illustrated in many stock images, perhaps these robbers also planned to rob a cryptocurrency exchange thinking that way.

All jokes apart, we saw one such attempt on Tuesday morning, when three men armed with handguns entered the offices of a Canadian Bitcoin exchange in Ottawa, and restrained four of its employees.

The intruders then struck one of the employees in the head with a handgun, asking them to make an outbound transaction from the cryptocurrency exchange.

A fifth employee in another cabin, who remained unseen in an office, called the police before any assets could be taken, and the robbers left empty-handed.

One of the suspects arrested later Wednesday after arriving police officers saw him run into a ravine north of Colonnade Road and deployed "extensive resources," including K-9 unit officers, to find him, CBC News reports.

"Police are looking for two additional suspects, both described as black males," the police says. "Investigators are also interested in identifying and speaking to a person of interest that was inside the premise as the suspects arrived. That person did not remain at the scene."

The suspect in custody, identified as 19-year-old Jimmy St-Hilaire, has been charged with the following offences:

Conspiracy to Commit an indictable offence

Possess weapon for committing an offence

St-Hilaire is set to appear in court on January 24, 2018. Ottawa police are now looking for the remaining two suspects.

The authorities have not revealed the name of the cryptocurrency exchange.

A similar incident happened last month when armed robbers kidnapped a top executive at UK-registered crypto-exchange EXMO Finance and allegedly stole more than $1.8 million of Ether for releasing him.

The New York District Attorney's Office charged New Jersey native Louis Meza for the kidnapping and robbery, claiming Meza held "demanded that the victim turns over his cell phone, wallet, and keys while holding the victim at gunpoint."

Found this article interesting? Follow us on Google News, Twitter and LinkedIn to read more exclusive content we post.

Bitcoin exchange, cryptocurrency exchange, Cyber Attack, hacking news, robbery

Critical Keycloak Password Reset Flaw Could Let Unauthenticated Attackers Take Over Any Account

⚡ Weekly Recap: AI-Powered PLC Attacks, GitLab Attacks, Stripe Key Leaks and More

Actively Exploited Oracle WebLogic Flaw Lets Unauthenticated Attackers Access Critical Data

A Malicious Webpage Could Poison Your Local AI Model Behind NVIDIA NemoClaw

Critical Gitea RCE Actively Exploited as Reported Attack Drops Miner-Like Payload

Claude Opus 4.6 Bypasses Gym Booking Limit, Cancels Other Users' Reservations in Tests

CISA Red Team Compromised Two Critical Infrastructure Orgs, One Detected Nothing

FBI Disrupts China-Linked QTFY Infrastructure Used to Steal Data From U.S. Organizations

New GPUThor Rowhammer Defeats ECC on NVIDIA RTX A6000 to Gain Host Root Access

Alleged TeamPCP Hackers Charged in Australia Over Major Supply Chain Attacks

ThreatsDay: 296K IoT Botnet, 100+ Water Systems Targeted, SharePoint RCE Chain + 27 New Stories

Next.js Patches Critical AVIF and Windows Flaws Enabling Unauthenticated RCE

OpenAI Says Reward Hacking Drove AI Agents to Exploit Zero-Days and Breach Hugging Face

Critical cPanel Flaw Could Let One Hosting Customer Take Root Control of a Whole Server

PaperCut Zero-Day Exploited in Attacks, Affecting All NG and MF Versions

Three CVSS 10.0 ServiceNow Flaws Could Let Unauthenticated Attackers Execute Code and SQL

Attackers Chain Two PaperCut Flaws to Execute Code Without Authentication

Learn How to Build Security Operations Ready for AI-Powered Attacks

Imagine the SOC Without a Queue: From Alert Backlog to AI Hypothesis Engine

Mirage2FA Surge Hits 4,500 US and EU Companies, Abusing Microsoft 365 Login Flows

Frontier AI: Vulnerability Management's Systemic Revolution

Why AI Teams Need Verifiable Search Data Instead of Black-Box Signals

Why Threat Intelligence Needs OT Context to Protect Critical Infrastructure

See How Keeper Secrets Manager Removes Hard-Coded Credentials

Download the CISO's Guide to Smarter AI Security Investment

Phishing Is Costing Security Teams More Than Ever — Read the New Report

Build AI Agents and Automations Without Losing Security Control

AI Attacks Are Moving Faster.

Watch: How to Prepare Your Security Program for AI-Powered Attacks

AI can find and chain vulnerabilities in minutes. This session gives you a practical roadmap to strengthen visibility, response, and remediation.

Learn How to Know What to Fix First Before AI Speeds Up the Attack

Learn how to identify exploitable risk faster, prioritize what matters most, and reduce exposure before AI-powered attacks accelerate the threat.

11 Real Stories: How Identity Exposure Unlocks Active Attack Paths

Map cross-domain privilege escalation to sever breach routes at key choke points.

SANS 2026 Security Awareness & Culture Report Shows What's Next

11 years of practitioner data on what it takes to keep pace with a field that keeps shifting.

Prevention Already Failed. What Does Your Monitoring Actually Catch?

A 6-day SANS course rebuilds hybrid detection across cloud, endpoint, and network. GMON, Sept 21.

The Missing Context Layer for AI Agents in Large Enterprise Codebases

Shadow AI Is Now Hiding Inside Sanctioned AI Tools

The EU CRA Will Make You Report What It Hasn't Yet Made You Fix