๐จ Bitcoin ATM Scams Are on The Rise! ๐จ
In 2023 alone, the U.S. saw $120 million lost to crypto ATM scams, with incidents skyrocketing by 1,000% since 2020. Scammers are targeting Bitcoin ATMs due to their high-value transactions and security flaws like malware attacks and unsecured networks.
The FTC is sounding the alarmโelderly users are especially vulnerable, with scammers often impersonating celebrities like Elon Musk to trick them into sending money through Bitcoin ATMs.
๐ก๏ธ How to Protect Yourself:
- Always verify the recipient's wallet address
- Use licensed Bitcoin ATMs from reputable operators
- Stay skeptical of requests for urgent payments or deposits via crypto ATMs
Remember, once funds are sent, thereโs no way to reverse it! Stay vigilant to avoid falling victim.
#Binance #BitcoinATM #CryptoSecurity #BinanceSquare #bitcoinnewsupdate
