Scammers Increasingly Using Cryptocurrency ATMs - AARP States

Imagine a video game where you can buy things with special secret codes called cryptocurrency. Sadly, some bad guys use these codes to trick people out of their money! This news is about how scammers are using cryptocurrency ATMs (like cash machines for secret codes) to steal money.

• Scammers pretend to be from the FBI or a court, scaring people into sending money.
• They ask people to put cash into a cryptocurrency ATM and give the receipt.
• The cryptocurrency is hard to track, so the scammers disappear with the money.
• Many older people are being targeted.

Groups like AARP are working to make laws to protect people from these scams. They are also teaching people how to avoid being tricked.