• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Cantor Fitzgerald Launches Bitcoin Fund with Gold Hedge

    Tether-Backed Twenty One Capital Secures $100M Funding

    Ben Werkman Joins Swan Bitcoin as CIO Amid Institutional Focus

    Corporations May Own Third of Bitcoin, CIO Claims

    Arkham Identifies 87.5% of Strategy’s Bitcoin Holdings

    Pakistan Announces Bitcoin Reserve Strategy Led by Saqib

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    MEV Bot Executes $215K Attack on Uniswap

    Webus International Initiates $300M XRP Blockchain Fund

    Bitget Lists Ripple’s RLUSD, Boosts Stablecoin Accessibility

    Hidden Road Launches US OTC Crypto Swaps Post-Ripple Acquisition

    Shiba Inu Faces Potential Breakout Amid Triangle Formation

    Shiba Inu Poised for Potential Price Breakout

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Bitcoin ATM Scam Led to $50,000 AUD Stolen

Joshua T. by Joshua T.
October 5, 2018
in Finance & Blockchain, Latest News
Bitcoin ATM Scammers

Source: ctvnews.ca

It has been reported that a Bitcoin ATM scam has affected four victims in Melbourne, Australia. The scammers collected around $50,000 AUD from these four victims. The victims lost this money by making deposits into a bitcoin ATM.

The Scammers Threaten to Arrest Victims

Based on a report from the Maribyrnong Crime Investigation Unit, these victims are being cajoled into making these deposits, in order to offset their tax debt.
Some of these victims were threatened into making these deposits in order to avoid getting arrested. The scammer requested for a fixed sum of money to be deposited so as to avoid getting arrested.

One thing common with all four victims is the fact that they were asked to make their way down to a bitcoin ATM located in Braybrook, after which they are given a bitcoin address where they will be sending the money to. After this, each victim gets a unique code from the scammers.

Victims Fail to Report the Crime

The report from the crime unit also made it known that this type of scam has been in existence for quite a while. The target victims of this scam are mostly migrants who had recently arrived in search for jobs.
Since the majority of them are probably overstaying their visa, it becomes quite easy for these scammers to rattle them into thinking they are at risk of getting deported or worst get imprisoned.

Based on a report from Sergeant Katherine Lehpamer, a detective at the Maribyrnong Crime Investigation Unit, victims of this crime tend not to report the crime.
There were two reasons identified to be the cause of them not reporting, one being the fact that most of them have expired VISA and the second one being that they were unaware of the fact that the authorities would never ask them to deposit cash into ATM’s.

She stated that:

“Anyone getting a call along these lines should make inquiries with the relevant authority before paying any money”

She also added that:

“We believe there are a number of victims who may be here on visas or not aware that authorities would never tell them to deposit money into an ATM.”

The Sergeant also warned that upon getting any information related to giving out any kind of personal information or banking details over the mobile phone, a report needs to be made to the station.

Tags: atmAustraliaCrimeDepositScammer
Previous Post

Litecoin (LTC) vs. Stellar (XLM); Is the Future in the Mining or in the Printing Press?

Next Post

Binance Exchange Review: What Makes it Lead the Market?

Joshua T.

Joshua T.

Related Posts

SEC and Binance Request 60-Day Pause on Lawsuit Settlement

by Anca F.
May 30, 2025

SEC and Binance seek 60-day lawsuit pause, citing productive talks for settlement.

Analysts Predict Crypto Rally Despite Initial Dip

by Solomon M.
May 30, 2025

Crypto market experiences short-term dip; analysts forecast rally driven by institutional inflows.

Freysa AI Secures $30 Million in Coinbase Ventures Funding

by Solomon M.
May 29, 2025

Freysa AI garners $30 million funding, backed by Coinbase Ventures, to advance AI technology on the Base blockchain.

Kazakhstan Plans CryptoCity Pilot for Digital and AI Hub

by Solomon M.
May 29, 2025

Kazakhstan President Tokayev to launch CryptoCity pilot boosting digital transformation.

Federal Reserve Chair Powell Meets President Trump on Economic Policy

by Solomon M.
May 29, 2025

Jerome Powell meets Donald Trump at the White House to discuss economic developments and monetary policy amid tensions over interest...

Trump Administration Appeals to Supreme Court to Block FOIA Documents

by Solomon M.
May 29, 2025

The Trump administration seeks Supreme Court intervention to block DOGE-related documents production under FOIA, implicating cryptocurrency market strategies.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.