THELOGICALINDIAN - The US Federal Trade Commission FTC has warned consumers about scams involving cryptocurrency ATMs Theres a new circuit on scammers allurement bodies to pay with cryptocurrency the FTC described
FTC’s Warning About Scams Involving Cryptocurrency ATMs
The U.S. Federal Trade Commission (FTC) issued a betray active involving cryptocurrency ATMs Monday. The customer notice, acquaint by Cristina Miranda from the FTC’s analysis of customer and business education, states:
“It involves an impersonator, a QR code, and a cruise to a abundance (directed by a bluff on the phone) to accelerate your money to them through a cryptocurrency ATM,” the apprehension details.
The scammers ability alarm the victims assuming to be from the government, law enforcement, or a bounded account company, the FTC noted. They could additionally pretend to be a adventurous absorption you met online or addition calling to acquaint you that you’ve won a lottery. They will break on the buzz with you until they’ve got your money.
The FTC explained that the bluff will “direct you to abjure money from your bank, investment, or retirement accounts.”
Next, they will absolute you to go to a abundance with a cryptocurrency ATM and buy cryptocurrency. Then they will accelerate you a QR cipher with their abode anchored in it.
“Once you buy the cryptocurrency, they accept you browse the cipher so the money gets transferred to them. But again your money is gone,” the FTC stressed.
The bureau emphasized:
“If addition does, it’s a scam, every time. Any abrupt tweet, text, email, call, or amusing media bulletin — decidedly from addition you don’t apperceive — allurement you to pay them in beforehand for something, including with cryptocurrency, is a scam,” the FTC warned.
What do you anticipate about scams involving cryptocurrency ATMs? Let us apperceive in the comments area below.
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