FBI wants to put up warning signs on Bitcoin ATMs as a way of stopping the scammers from using them because they are already trying to take advantage of the growing number of machines in the US. In today’s cryptocurrency news, we are taking a closer look at their idea.
The US State of Ohio Scam Squad and the Federal Bureau of Investigation issued a public warning as scammers started to actively use BTC ATMs to defraud the people. Sheryl Harris, director of the Cuyahoga County Department of Consumer Affairs said:
“Now scammers are asking you to pay in Bitcoin.”
According to the report, scammers still rely on the tried methods like calls from someone’s relative that got in an accident and needs money with crypto allowing them to put a new spin on the old fraud. For example, Bitcoin ATMs allow customers to buy BTC with cash that already became widespread in the US. Thanks to this, many scammers are trying to convince people to withdraw funds from their bank and go to a BTC ATM and send a certain amount of coins via a QR code. Shaker Heights who was almost a victim said:
“I got a call that sounded exactly like my son. The shopkeeper comes up and says ‘can I help you?’ I said we have to send money to an attorney with this machine and he’s like you’re getting scammed.”
The scammer stayed on the phone the entire time and asked Heights to deposit $9000 via a BTC ATM. If the shopkeeper hadn’t stopped him, the money would be lost forever. FBI special agent Vicky Anderson noted:
“Unfortunately, once that money is gone, it’s almost impossible to get it back, so the best we can do is prevention and that’s why we’re trying to get the word out.”
In order to fight this problem, the FBI wants to put warnings on the Bitcoin ATM machines across the country that will motivate people to consider whether they are actually scammed or not, Harris added:
“The point of the signs is to just give people a chance to pause, like wait a minute. The government isn’t going to ask you for Bitcoin, they just won’t, the jail won’t ask you to pay in Bitcoin and your utility company doesn’t accept Bitcoin payments.”
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.