US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam

US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam


The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described.

FTC’s Warning About Scams Involving Cryptocurrency ATMs

The U.S. Federal Trade Commission (FTC) issued a scam alert involving cryptocurrency ATMs Monday. The consumer notice, posted by Cristina Miranda from the FTC’s division of consumer and business education, states:

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There’s a new spin on scammers asking people to pay with cryptocurrency.

“It involves an impersonator, a QR code, and a trip to a store (directed by a scammer on the phone) to send your money to them through a cryptocurrency ATM,” the notice details.

The scammers might call the victims pretending to be from the government,

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