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Bitcoin is a digital currency. It was invented in 2009 by a person or a group of people using the name Satoshi Nakamoto. The coins are created by computers and their creators are called miners. They are also stored in online wallets. As of February 2015, they cover US$7 billion in value. Bitcoin is a fairly simple currency, but it has many unique features that are quite interesting.

The FBI plans to put warning signs on Bitcoin ATMs in an attempt to deter people from using the machines to launder money. The agency recently released a trove of documents related to the investigation of the online drug marketplace Silk Road, where drug dealers used Bitcoin to hide their identities. The FBI claims the documents show trail of Bitcoin ATMs that helped launder money in Boston, New York, and San Francisco. Though virtual currency is legal, the FBI claims the ATMs were used to funnel money to drug dealers.

The Fraud Unit of Cuyahoga County (Ohio, US) and the Federal Bureau of Investigation (FBI) have issued a public warning because fraudsters have been actively using bitcoin (BTC) ATMs to scam people, News 5 Cleveland reported Tuesday.

Scammers are now asking you to pay with bitcoins, says Cheryl Harris, director of the Cuyahoga County Department of Consumer Affairs.

Old con, new tool

According to the report, while scammers continue to use tried and tested methods, such as… B. calls from the son of someone who allegedly had an accident and desperately needed money – but cryptocurrencies have allowed them to tackle the old scam in a new way.

Bitcoin ATMs, for example, where customers can immediately buy BTC in cash, are already widespread in the United States. Therefore, many scammers are now trying to convince people to withdraw money from their banks, go to a bitcoin ATM and send a certain number of coins via a QR code provided by the scammer.

I got a call that sounded exactly like my son’s voice, said Shaker Heights, who was almost a victim of such a scam, adding: The shopkeeper comes up to you and says: Can I help you? I said we should send the money to the lawyer with this machine, and he: They’re trying to trap you.

The scammer, who was on the phone the entire time, asked Hates to deposit $9,000 through a bitcoin machine. If the shopkeeper had not stopped him, the money would certainly have been lost forever.

Unfortunately, once the money is gone, it’s almost impossible to get it back. The best thing we can do is prevention, and that’s why we’re trying to get the message out, said FBI Special Agent Vicki Anderson.

Warning signs on Bitcoin machines

To address this problem, police and the FBI plan to place special warning signs on bitcoin machines across the country to encourage people to think about whether they are really being scammed.

The purpose of these signs is to give people a chance to stop, to wait a while. The government won’t ask you to pay in bitcoins, the prison won’t ask you to pay in bitcoins, and your utility company won’t accept bitcoin payments, Harris added.

Scammers prefer to go after users’ cryptocurrencies directly. As recently reported, customers of Apple’s App Store have lost more than $1.6 million in bitcoins and other cryptocurrencies to hackers.

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FBI plans to put warning signs on Bitcoin ATMs to hinder scammers

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