Authorities warn about surge in Bitcoin ATM scams
schizo @ schizo @forum.uncomfortable.business Posts 11Comments 1,437Joined 1 yr. ago
schizo @ schizo @forum.uncomfortable.business
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For those that didn't read, it's just that the use of Bitcoin ATMs in your typical 'oh no! pay us or we have to call the FBI and have your social security number cancelled!' scams has increased. I wouldn't say this is a "new form of fraud", since that scam is as old as well, uh, the internet at least.
Though, I'm honestly not surprised by this, since explaining to grandma how to use what looks like something she's familiar is probably simpler than explaining how to use Coinbase. Oh, and Coinbase has actual safeguards to try to catch people falling for scams which I'm sure the guy who owns the coiner ATM doesnt.