⚡ FTC Warns Against Bitcoin ATM Scams

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    ⚡ FTC Warns Against Bitcoin ATM Scams

    Hey Blockster,

    There's a new threat…

    …and it may cost you everything.

    Do you know how to spot the Bitcoin ATM scam?

    Since the launch of Bitcoin in 2009, cryptocurrencies have disrupted multiple industries as well as offered tremendous value and excellent opportunities for both consumers and businesses.

     

    As a result, the industry has grown to over $2 trillion in size, with corporate players, institutional investors, and even governments like El Salvador joining the masses of retail users within the space.

    Unfortunately, crypto also provided a good opportunity for cybercriminals.

    They try to take advantage of the unregulated nature of the industry and the emerging technology utilized in the space to defraud their victims.

    For that reason, crypto enthusiasts have to be careful and must do their own research before investing in a coin or utilizing a digital asset solution to stay safe and protect their funds.

     

    Regarding that, the U.S. Federal Trade Commission (FTC) recently published a blog post in which the agency warned the public against a sophisticated digital asset fraud that involves impersonation, a QR code, and a Bitcoin ATM.

     

    To learn how to protect yourself against this fraudulent scheme, we recommend checking out this article on Blockdesk.

    Looking to read more exciting stories from the cryptocurrency space? Check below to find the latest articles from today's collection:

    Blockchain Gaming Has Catapulted Binance Smart Chain - Here's Why – In early 2021, Binance Smart Chain has become one of the most prominent competitors of Ethereum. Now, the DLT network gained further traction with the increased popularity of play-to-earn gaming solutions.
     
    Jack Dorsey Is Looking To Hire Bitcoin Mining Professionals – Former Twitter CEO Jack Dorsey has been known as a prominent Bitcoin advocate. Now, he is hiring expert designers for Block (formerly Square) to work on a new BTC mining project.
     
    Cartesi (CTSI) Vs. Loopring (LRC)Which Is The Better Investment? – Since Ethereum has been struggling with scalability issues and it has become clear that ETH 2.0 is multiple months away, layer-two scalability solutions have gained quite some traction. But which L2 solution's native coin is a better investment: Cartesi (CTSI) or Loopring (LRC)?
     
    Crypto Miners Are Hacking Cloud Platforms – Cloud mining has become a popular alternative to manually running your own rig to mine digital assets. However, while it may be an excellent opportunity for many, cybercriminals are taking over cloud accounts to generate cryptocurrency mining revenue.

    That's all for today. Be sure to check back tomorrow, as we will arrive with our newest collection of Blockdesk articles.

     

    See you then!

    Cheers,

    The Blockster Team
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