The FTC informs the public of a new form of crypto scam that involves impersonators and crypto ATMs.
has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money.
According to the FTC, fraudsters pretend to be public officials, law enforcement agents or employees of local utility companies. The imposters also utilize dating apps and pretend to be potential romantic partners or call victims to announce that you’ve won a prize. No matter how it starts, it always ends up with the scammer asking for money. If the user falls for the spiel, the scammer tells them to withdraw some cash and go to a crypto ATM. After that, they would ask to purchase crypto through the ATM. Here, the QR code comes into play. They share the QR code of their wallet address with the victim. Because of this, once the victim scans the code, the purchased crypto assets would transfer to the fraudster's account.
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