Crypto scammers are always trying to devise new means of defrauding unsuspecting members of the public. The Federal Trade Commission (FTC) earlier today published a new scam alert involving the use of crypto ATMs.
Scammers devise crypto atm scam method
This scheme, according to the FTC, usually involves a QR code, a crypto ATM, and an impersonator who asks victims to send money.
While describing the shape the scam takes, the FTC explained that the scammers could parade themselves as public officials, law enforcement agents, or even employees of local utility companies.
It added that these imposters could also try to get the attention of their victims by posing as a love interest or disguising themselves to be agents of a lottery and falsely informing the victims that they’ve won a prize.
The impersonator then tries to persuade his unsuspecting victim to withdraw cash from his savings to purchase Bitcoin or other digital assets via a crypto ATM.
Then, the con artist shares the QR cod
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