Police warn of rise in cryptocurrency ATM scams in Waterford, install large signs

Police warn of rise in cryptocurrency ATM scams in Waterford, install large signs

A new initiative in Waterford Township is putting scammers and residents on alert.Police have placed large warning signs next to Bitcoin ATM machines at nearly 20 local business, cautioning customers before sending large sums of money to potential scammers. It comes as more scammers are directing their victims to use Bitcoin ATMs, which makes the transactions nearly impossible for police to trace.Owner of Crescent Lake Mobil Tony Attisha is used…

Police Alert Public To Increasing Bitcoin ATM Scams In Waterford, Erect Warning Signs

WATERFORD TOWNSHIP, Mich. (WXYZ) — A new campaign in Waterford Township is raising awareness among residents and putting scammers on notice. Local police have installed prominent warning signs near Bitcoin ATMs at nearly 20 businesses to alert customers before they transfer significant amounts of money to potential fraudsters. The move comes as an increasing number of scammers are instructing their victims to utilize Bitcoin ATMs, rendering the…