They’re also left without a way to get around town. But the victimized customer could be on the hook for the $1,200 bike if it ends up lost or stolen. The ripped-off ride is worth only $3 by itself. The app doesn’t work for the rider but does free up the nearby Citi Bike with the switched code, where a thief is waiting, jumps on the bicycle and rides off. They’re stealing Citi Bikes by switching the QR scan codes on two bicycles near each other at a docking station, then waiting for an unsuspecting cyclist to try to unlock a bike with his or her smartphone app. Local scam artists are pedaling a new con. Manhattan man first to visit every Citi Bike station Watch: Citi Bike explodes on subway tracks after being hit by oncoming train Gang member on probation busted for allegedly shooting man on Citi Bike Rerouting Fifth Ave traffic before the holidays is madness