There has been a rise in scams in which victims are instructed to deposit cash into Bitcoin ATMs, according to the Federal Trade Commission
The machines, also known as BTMs, have been popping up at convenience stores and gas stations. They are used to buy and send cryptocurrency, but scammers are using them to steal your money.
Americans lost a record $5.6 billion to crypto scams last year, says FBI—this is the No. 1 kind to watch out for"I got the alert on my iPad," said Herbert."'Alert, alert … call this number … your account has been compromised.' Yeah. And I thought, 'Oh, I better call this number.' So I did, and the fellow that answered gave me his ID number from Apple, gave me his name, and then asked me where I banked.
Never withdraw cash in response to an unexpected call or message. Only scammers will tell you to do that.
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