The Federal Bureau of Investigation (FBI) is putting warning signs on Bitcoin ATMs in Cuyahoga County, Ohio, US, to warn residents not to fall for fraud and to encourage victims to send money to scammers through Bitcoin ATMs.
FBI warning signs on Bitcoin ATMs
Cleveland’s Cuyahoga County Scam Squad and the FBI are working together to raise public awareness of Bitcoin fraud, News 5 Cleveland reported this week. Old scams ranging from grandparents cheating, explained Sheryl Harris, director of the Cuyahoga County Department of Consumer Affairs.
FBI special agent Vicki Anderson warned that once the victims send Bitcoin, “it’s nearly impossible to get it back. The best we can do is prevention, so we’re trying to get the word out.”
The news agency said that “signs will soon be posted on Bitcoin ATMs across the county” and that “the signs are meant to make people think twice before finalizing a transaction because they could be caught in a fraud.”
The point of the signs is to just give people the option to take a break, like wait a minute … the government won’t ask you for bitcoin, they just won’t, the prison won’t ask you with Bitcoin and Paying Your utility company doesn’t accept Bitcoin payments.
The FBI and Cuyahoga County Department of Consumer Affairs last week warned local businesses to be on the lookout for Bitcoin ATM scams. The authorities are asking companies to post these warning signs in a “conspicuous place or near the ATM”.
A man who nearly fell victim to a scam asking for Bitcoin told the news agency that he had received a call from someone who sounded just like his son who said he was injured in a car accident and was thrown in jail been and need money for bonds.
The husband and wife were instructed to withdraw $ 9,000 in cash, go to a Bitcoin ATM, and then use the QR code provided by the scammer to deposit the cash. The man said that the shopkeeper where the ATM was located showed up and said, “Can I help you?” When he explained that he had to send money to a lawyer using the Bitcoin ATM, the shopkeeper told him that he was being scammed. The couple then called their son and confirmed it was a scam.
Bryan P. Smith, the FBI’s assistant special adviser, warned: “Education and prevention are the best means to avoid falling victim to financial fraud. It is imperative that consumers verify financial transactions before sending money in any form. including virtual currency. Be financially secure and find out more before you send. “
What do you think of the FBI posting warnings on Bitcoin ATMs? Let us know in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to submit an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.