The state of Kenosha is alerting its residents of the existence of a deceitful scheme involving Bitcoin ATMs that have already hit two people.
According to a police report, Scammers are directing generalized threats to electronic devices, falsely advising people that their identities have been compromised and bank accounts would be frozen, unless entailed money is transferred to a “federal box” via a Bitcoin ATM machine.
The alerts are meant to compel victims to hide their hard-earned money. Scammers then direct to the victim the QR code which immediately sends the bitcoin purchased into their account. Moreover, They guide victims to purchase prepaid credit cards and also share pins to use immediately.
Such actions would never be required by any government agency. This is an important message sent by the Kenosha Police Department to residents of the city. They also recommend that while certain Bitcoin ATMs show warnings of possible fraud, scammers might try to lead victims astray and disregard such adhering warnings.
Also read: Bankrupt FTX Seeks Approval to Sell its 8% Anthropic Stake
Read More: Kenosha Alerts Residents of Bitcoin ATM Scam