Kenosha Police Investigating Bitcoin ATM Scams
The Kenosha Police Department is currently investigating two alleged Bitcoin ATM scams. In response, the authorities have issued a warning to residents to be more aware and cautious.
New Scammer Technique in Kenosha
In Kenosha, scammers are using a new technique to defraud unsuspecting residents of their cryptocurrency. They notify people on their electronic devices about a compromise of their identities and pose as helpers to salvage the situation.
Compelling Victims to Transfer Assets
The scammers convince their victims to transfer their assets to a “federal box” to prevent their bank accounts from getting frozen. Two people have already received such alerts and were asked to deposit their funds into a Bitcoin ATM. Afterward, they were sent a QR code.
Bitcoin Sent to Scammers’ Wallets
Scanning the QR code automatically sends the Bitcoin purchased from the ATM to the scammers’ wallet. The criminals then ask their victims to purchase prepaid credit cards and provide them with the codes. The police are concerned that this scam may spread due to the number of Bitcoin ATMs in the region.
Warning from Kenosha Police Department
The Kenosha Police Department warns that government agencies will never require the purchase of items or money deposits to prevent freezing of assets. Residents are advised to contact a designated helpline in case of fraud and reach out to friends, family, or the police if they suspect any suspicious activity.
US Authorities Fighting Scammers
The US authorities, including the SEC and DOJ, have taken enforcement actions against scammers in recent months. Brian Sewell and David Gilbert Saffron are among those who have faced charges for their involvement in fraudulent activities.
Remain Vigilant
Despite the efforts of law enforcement agencies, users of crypto platforms are still advised to remain vigilant.
Hot Take: Protect Yourself from Bitcoin ATM Scams
The Kenosha Police Department is investigating two Bitcoin ATM scams that target unsuspecting residents. Scammers use a new technique by notifying people about compromised identities and posing as helpers. They convince victims to transfer their assets to a “federal box” through Bitcoin ATMs and then ask them to purchase prepaid credit cards. The police warn residents that government agencies will never require such actions to prevent freezing of assets. US authorities have been cracking down on scammers, but users should remain vigilant when using crypto platforms.
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