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    Home»Bitcoin»How Bitcoin ATM Scams Work and Why They’re on the Rise
    Bitcoin

    How Bitcoin ATM Scams Work and Why They’re on the Rise

    October 18, 20251 Min Read


    Case 1: Barbara Earl from Oklahoma received a call from someone claiming to be a sheriff. She was told she had missed jury duty and would face arrest unless she paid $2,000 in Bitcoin. She drove 200 miles to follow the instructions and deposit the money at a Bitcoin ATM. Barbara received another fake call but recognized it this time and reported it.

    Case 2: Hardik Umraniya from Rajkot, India, accepted a friend request on from an unknown person. He was convinced to invest in USDT. After seeing the initial small profits, he made thirteen more transactions worth Rs. 31.5 lakh. When he was asked to pay a security fee to withdraw the money, Hardik realized it was a scam and reported the incident to the cybercrime branch.

    Case 3: In South Hadley, Massachusetts, a store employee deposited $11,000 from the store safe into a Bitcoin ATM after following a scammer’s instructions. Police could not recover the money. Other victims in the area lost $48,000 and $4,900 in similar scams.

    Case 4: In Selinsgrove, Pennsylvania, an elderly resident lost $22,000 after receiving a fake call from someone pretending to be from the government.

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