follow my profile
--
Texas Sheriff Cracks Open Bitcoin ATM After Unusual Scam Record !!
#MarketPullback #USNationalDebt #SwingTradingStrategy #GENIUSActPass #MyTradingStyle In a bold and unusual move, the Sheriff of Jasper County, Texas, used a circular saw to cut open a Bitcoin (BTC) ATM to investigate a crypto fraud case. The incident highlights a growing trend of scammers using cryptocurrency to steal from vulnerable Americans, especially senior citizens.
A Bitcoin ATM Scam That Cost a Local Resident $25,000.Jasper County is a quiet area northeast of Houston, but it recently became the scene of a high-stakes crypto investigation. According to a Facebook post from the Sheriff’s Office, a resident lost $25,000 in a scam.
The victims were tricked into depositing the money into a Bitcoin ATM, believing it was a safe transaction. It turned out to be part of a wider fraud scheme. After getting the necessary legal approval, investigators took action. The authorities broke into the Bitcoin Depot ATM with a circular saw and recovered $31,900 in cash from the machine.
Scammers have long used methods like gift cards to avoid protections offered by banks. Now, they are using Bitcoin ATMs because these machines let people quickly turn cash into cryptocurrency. Criminals see this as an easy way to steal money without showing ID or being asked questions.
The rise of crypto ATMs has made fraud easier to spread. In 2024 alone, the FBI reported that senior Americans lost $107 million through scams involving crypto ATMs. Because of the growing number of scams linked to them, many governments around the world have shut down crypto ATMs and made stricter rules.
Bitcoin Depot Responds
Bitcoin Depot, the company behind the ATM, says it is not responsible for the fraud. The company acts only as a money service business that changes cash into cryptocurrency. In a statement, the firm explained that it follows strict rules to stop money laundering and fraud.
#MarketPullback #USNationalDebt #SwingTradingStrategy #GENIUSActPass #MyTradingStyle In a bold and unusual move, the Sheriff of Jasper County, Texas, used a circular saw to cut open a Bitcoin (BTC) ATM to investigate a crypto fraud case. The incident highlights a growing trend of scammers using cryptocurrency to steal from vulnerable Americans, especially senior citizens.
A Bitcoin ATM Scam That Cost a Local Resident $25,000.Jasper County is a quiet area northeast of Houston, but it recently became the scene of a high-stakes crypto investigation. According to a Facebook post from the Sheriff’s Office, a resident lost $25,000 in a scam.
The victims were tricked into depositing the money into a Bitcoin ATM, believing it was a safe transaction. It turned out to be part of a wider fraud scheme. After getting the necessary legal approval, investigators took action. The authorities broke into the Bitcoin Depot ATM with a circular saw and recovered $31,900 in cash from the machine.
Scammers have long used methods like gift cards to avoid protections offered by banks. Now, they are using Bitcoin ATMs because these machines let people quickly turn cash into cryptocurrency. Criminals see this as an easy way to steal money without showing ID or being asked questions.
The rise of crypto ATMs has made fraud easier to spread. In 2024 alone, the FBI reported that senior Americans lost $107 million through scams involving crypto ATMs. Because of the growing number of scams linked to them, many governments around the world have shut down crypto ATMs and made stricter rules.
Bitcoin Depot Responds
Bitcoin Depot, the company behind the ATM, says it is not responsible for the fraud. The company acts only as a money service business that changes cash into cryptocurrency. In a statement, the firm explained that it follows strict rules to stop money laundering and fraud.
Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Kan innehålla sponsrat innehåll. Se användarvillkor.
52
0
Utforska de senaste kryptonyheterna
⚡️ Var en del av de senaste diskussionerna inom krypto
💬 Interagera med dina favoritkreatörer
👍 Ta del av innehåll som intresserar dig
E-post/telefonnummer