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The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers.
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The Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers use to receive funds from defrauded victims.
The information was revealed as part of an Oct. 3 public warning about “pig butchering scams” where scammers pose as long-lost friends or potential romantic partners to swipe money from victims.
The scammers “fatten up” their victims by showing a supposedly genuine interest in them to win their trust, and then gradually introduce investment discussions into the relationship.
In the public service announcement in cooperation with the Internet Crime Complaint Center (IC3), the FBI warned that victims of these pig butchering crypto scams generally have no chance of getting their funds back.
However, the FBI noted that they’ve noticed scammers have been increasingly directing their victims to transfer funds via
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