Bitcoin atm scams

bitcoin atm scams

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Connecticut police warn of cryptocurrency ATM scams
If you are scammed by a Bitcoin ATM, it can be challenging to recover your money. Start by documenting all transaction details, such as receipts. A year-old woman was reportedly scammed out of $30, after being convinced to deposit it in a bitcoin ATM in mid May, according to a. In perpetrating investment frauds, scammers often rely on Bitcoin ATMs whose operators deliberately avoid compliance with anti-money laundering.
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Utility Impersonation Scams This scam is similar to the above except the perpetrators will pretend to be from a utility company and threaten the victim with shutting off their electric or other utility services if a payment is not made immediately. The company can also return the ATM fee to the victim. Bitcoin ATMs have also featured in a number of government impersonation scams, in which fraudsters pose as representatives of pension agencies, tax collection authorities, utilities companies or other similar organizations. One of the biggest warning signs are promises to pay a specific percentage of earnings weekly or daily, and there are often other bonuses given for referring other people.