7News Just InCrypto scams targeting Aussies are netting millions of dollars
Scams involving cryptocurrency ATMs have netted millions of dollars from Aussie victims, as regulators move to stop it with a raft of new rules.
They're popping up everywhere, petrol stations, convenience stores, supermarkets, shopping centers, and after the US and Canada, Australia now has more than anywhere else on Earth. Sounding a bit cryptic or sounding a bit crypto, They are crypto ATMs and allow you to send money in currencies like bitcoin. If used one, no worry, scammers will be more than happy to talk you through it all over the phone. Here's what happened when police crashed a call at a service station in Texas.
Yeah, gotta talk to you for a second. Please, I have to bank on the phone. Okay, stop putting money in there. Listen to me. She is not clicking on anything.
A Melbourne service station workers says he sees that two or three times a week and it's often the elderly being stung, and the Federal police confirm it. With Australias now losing ten thousand dollars a day as scammers direct them to these machines, they make payments very hard to track and almost impossible to get back. So from today new laws mandatory scam warnings beside the machines and a five thousand dollars limit on how much they accept
