As a retired professional trader, the spike in Bitcoin ATM fraud doesn’t surprise me, because scammers always chase the easiest conversion points where fear beats logic. The “bank warning” or “police call” script is designed to trigger panic, then push you into a one way transaction that feels official but is actually irreversible, cash in, crypto out, gone. In real finance, no legitimate bank, regulator, or police officer will ever tell you to “protect” your money by depositing cash into a crypto ATM, and any demand to act immediately is the hallmark of a con. What worries me even more is the infrastructure around it, fast growth, high fees, and weak friction at the machine level, which creates a perfect funnel for criminals. The practical rule is simple: if the solution involves secrecy, urgency, and a machine transaction you cannot reverse, step away, verify independently, and involve a trusted person before you move a dollar.
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