FBI issues crypto ATM warning amid ‘increase in scammers’

  • The FBI in a recently released Public Service Announcement, said that it has witnessed an increase in scammers directing victims to use physical cryptocurrency ATMs and digital QR codes to complete payment transactions.
  • The total crypto scams in 2020 globally amounted to around $10.52 billion, research by Dark Web Link had revealed earlier in April.
  • The same report had also highlighted that scams and frauds are a major problem that made for 67.8 percent of the total cryptocurrency crimes in 2020.
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