FBI Issues Warning About Bad Guys Using Bitcoin ATMs To Steal Cryptocurrency From Victims

The Federal Bureau of Investigation (FBI) is warning the public that poor guys are utilizing Bitcoin (BTC) ATMs and QR codes to scam unsuspecting victims.

In a public services announcement, the company explained it is seeing a number of situations of scammers asking their victims to deposit revenue at a crypto ATM utilizing a linked QR code. linked to a digital wallet.

FBI To talk that these poor guys demand revenue from their victims via a variety of scam schemes, this kind of as on-line impersonation schemes, romance schemes and lottery schemes.

“The scammer then directs the victim to a real crypto ATM to enter their funds, purchase crypto, and use the QR code provided to auto-populate the recipient’s address. Often the scammer regularly communicates with the victim online and guides them step-by-step until the payment is completed.”

The company explained the decentralized nature of crypto assets helps make it complicated to recover victims’ money, with a great deal of the stolen money quickly sent abroad rather than remaining banked. track and confirm.

“This is different from a traditional wire or wire transfer, where a payment transaction may remain pending for one to two days before being settled. It can also complicate police recoveries and expose many victims to financial loss.”

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