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Author Topic: Bitcoin ATM scams have topped to $65 million in the first half of 2024  (Read 472 times)
Accardo
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October 01, 2024, 05:41:52 PM
 #21

Generally, ignorant bitcoin users undergo several scam episodes that challenges them to learn further or quit. Unfortunately, those who learn more are the youths, not the old victims. No much time is left on them to learn bitcoin. A proper solution for the old users should be awareness. Although, it'll appear less effective at the start, but if scam warnings are stamped on bitcoin ATMs, they'll have a glimpse of the risks. Example; Irreversible, old people should know that the money they are about sending may not be returned, if it's lost.

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October 01, 2024, 05:57:34 PM
 #22


The main types of scams they use include "government impersonation," "business impersonation," and "tech support fraud." Scammers create urgent situations to convince victims to withdraw cash from their bank accounts and deposit it into a Bitcoin ATM using a QR code that links to the scammers' wallets.

And as usual, older adults are the most vulnerable to these scams, especially those 60 years and above.

People who are over 60 years old, their mindset has begun to decrease in considering a problem they are facing, especially in urgent situations so they easily panic and at that time the perpetrators carry out their fraudulent actions to influence their victims to give their money in the form of Bitcoin to the perpetrator's Bitcoin wallet. That is why it is important for us to inform or warn our families to be careful of fraud that often occurs in times of urgency.

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October 02, 2024, 05:50:57 AM
 #23

The term "Bitcoin ATM scam" doesn't seem correct, if you ask me.
Those are regular Bitcoin scams, which manipulate the victims into using a Bitcoin ATM to send BTC to the scammer.
You are using the term "Bitcoin ATM scam" in a way that makes it seem that the Bitcoin ATM is the tool, that scams people.
The number of Bitcoin ATMs have increased a lot in the recent years, so it's kinda normal to expect that there will be an increased amount of Bitcoin scammers using an ATM to get the victim's crypto. This is a never ending battle, but I do hope that most of the scammers will get caught and sent to jail.

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October 02, 2024, 07:50:54 PM
 #24

One was where my clients mother was talked in to run to an ATM and then a bitcoin ATM that had here empty out here entire savings in her bank account and then have her deposit it in to the bitcoin ATM.
That is a sad one, did this person tell you exactly what the scammers told her that made her fall for the trick, and was willing to withdraw her entire life savings and send to them. Was it a promise to double the money or what, i wonder how people can be so eager to earn more, that they forget to protect that which they have already acquired.
Sometimes I have to wonder if they bitcoin ATM operators are part of it.  Sort of seems like it.
Why exactly do you say so, i don't see a connection to them in scams like these.

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