NewsMV
The San Antonio Police Department is warning that residents are increasingly falling victim to scams conducted through $BTC ATM kiosks, according to a report from the San Antonio Express-News.
The fraud vector — physical machines that convert cash into cryptocurrency — has drawn renewed law-enforcement attention as incidents rise in the city.
How the Machine Becomes the Trap Bitcoin ATMs occupy a peculiar position in the scam economy: they are fast, largely irreversible, and scattered across convenience stores and gas stations in ways that make them accessible to people with no crypto experience.
That accessibility cuts both ways. Scammers typically instruct victims — often reached by phone — to deposit cash into a kiosk and send the resulting $BTC to a wallet address the fraudster controls.
Keep reading