Why are they afraid to rotate more and more at Bitcoin ATMs to carry out their shortcomings

Grand Prairie, Texas – Joseph Buenthello, 80, cruised with retirement when he received the call wrongly claiming that his son was in prison.

“I was scared, I hit the panic button and let his panic take control of my good judgment,” Buentollo, Grand Prairie, Texas, told CBS news.

The caller told Buentello that if he wanted to find his son, he had to hurry to his local store and send $ 5,000 through the Bitcoin ATM.

Buentello said he never thought he first called his son.

“They said we couldn’t do anything about it,” Buentollo Atm Operator said after being cheated. “That money has already been distributed. They said it was distributed in a minute you went through the placing your money inside.”

That’s why Buentello has learned, Criptocurrenci Crammers I wanted to use that machine. It is often in convenience stores, Bitcoin ATMs reminiscent of regular ATMs and provide a legitimate and simple method to convert cash to cryptocurrency.

According to the data From the Federal Trade Commission, between 2020. To 2023, the losses of consumers in Bitcoin bank fraud, annually in 2020. To $ 114 million, during that time frame than three times higher than younger adults, whether money was found in Bitcoin.

And restoring money is hard.

When McLennan County Sheriff Parnell McNamara first joined the implementation of the law in 1970. years, said that the biggest thieves in the Texas district were bank robbers.

“Take the gun, go rob the bank, get the money and we’d go after them,” McNamara said. “But this is a completely different deal.”

A few years ago, after the caller deceived an 83-year-old woman in Vaco, Texas, in depositing $ 15,000 in McNamara, McNamara sent money from the machine immediately from the machine and returned it to her.

Then the operator of the Bitcoin was sued, claiming that the seizure was illegal, but the lawsuit was eventually fired and the woman was allowed to keep the money.

However, the lawsuit was rejected only after the County admitted that the funds were seized “by mistake”.

McNamara does not regret the situation shaking.

“I don’t regret it at all,” McNamara said. “We have a return lady. It was supposed to come back.”

Bitcoin ATM operators told CBS news to take extensive measures to protect users from fraud, including displaying up to six screens that warned customers to potential fraud.

In recent years, several countries, including California, Vermont and Minnesota have adopted laws regulating Bitcoin ATMs. However, most countries, including Texas, no regulations.

“I feel like such a fool,” Buenthel said.

If there was any refund policies when he made his transaction, Buentello believes he could save his money and avoid fraud.

According to the FTC, fraudsters will often offer an urgent reason for the victim to withdraw cash from their bank account and deposited it into the Bitcoin ATM. They will provide a QR code that victims can scan, which deposits the money directly into the Cripto account.

Some FTC tips in order to avoid troubled involved to never be wiped at unknown links or respond directly to unexpected calls or unknown text messages. Switches will try to hurry you, so you should slow down and consult someone you trust. And never pull cash in response to an unexpected call or message.

Brian new

Brian New is a member of CBS 11 from 2013. years. 2017. year awarded a lonely star Emma for the best investigative reporter. This is one of the 10 Emma Brian Awards was honored during his career.