Americans are losing millions to scammers at crypto ATMs cnn.com 19 points by thelastgallon 5 hours ago
standeven 3 hours ago What would be a legit reason to use these ATMs? A 24% exchange rate loss plus a service fee seems like it would discourage most honest users. Nasrudith 2 hours ago Lack of access to banking or familiarity with cryptocurrency mechanics? If it is the only thing they know how to use and are scammed into using it, guess what they are going to use?Which is in itself pretty damning.
Nasrudith 2 hours ago Lack of access to banking or familiarity with cryptocurrency mechanics? If it is the only thing they know how to use and are scammed into using it, guess what they are going to use?Which is in itself pretty damning.
tantalor 5 hours ago > they often fail to refund money to victims and aggressively fight police to claw back scam money seized from machinesWhy don't we just call these companies what they are, banks, and require them to follow the same "know your customer" laws that other banks do.
What would be a legit reason to use these ATMs? A 24% exchange rate loss plus a service fee seems like it would discourage most honest users.
Lack of access to banking or familiarity with cryptocurrency mechanics? If it is the only thing they know how to use and are scammed into using it, guess what they are going to use?
Which is in itself pretty damning.
> they often fail to refund money to victims and aggressively fight police to claw back scam money seized from machines
Why don't we just call these companies what they are, banks, and require them to follow the same "know your customer" laws that other banks do.