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That zips the money directly to the thieves' crypto wallet. The bottom line, according to the FTC: "Don't believe anyone who says you need to use a Bitcoin ATM to protect your money or fix a problem.
The FTC also recommends checking where suspicious messages may come from to see if the source is legitimate and forward scam messages to 7726 (SPAM) to report them as junk mail.
A new report from the Federal Trade Commission (FTC) shows that money lost to fraudulent bitcoin ATM scammers increased nearly tenfold between 2020 and 2023. Per the spotlight report published on ...
Attach a screenshot of the text message showing the sender's phone number and the date the message was sent. Include your first and last name in the email. Include any other relevant details.
There are different transaction methods used in shared ATMs with regards to the encipherment of PIN, and message authentication among them is so-called "zone encryption". In this method, a trusted authority is appointed to operate on behalf of a group of banks so they could interchange messages for ATM payment approvals. [1]
Call it a diabolical new twist on an old scam: ATM fraudsters are turning to bitcoin. Data the Federal Trade Commission provided to NBC News show the amount of money consumers have reported losing ...
Raleigh police hold more than $285,000 seized in cryptocurrency scam investigations. ATM operators are fighting to get the money returned to them, not victims.
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