Users Lured Into Paying Non-Existent Debt Through Bitcoin ATMs

Oct 6, 2018 at 08:21 Update Date :Oct 6, 2018 at 08:21 UTC

Scammers have figured out how to con $50,000 from Australian residents, tricking them in to pay off a non-existent debt in a classic fraud. Around four casualties from eastern Melbourne have fallen for the trap, according to news media reports.

Purportedly, the scammers would call the people and persuade them that they have an outstanding tax debt and that, if they don’t pay it through a Bitcoin ATM in Braybrook, they will be imprisoned. The victims would then withdraw their savings from their banks, travel to Brabryook’s Bitcoin ATM and pay off the fake debt to a predefined Bitcoin account.

As indicated by the police, this sort of plan targets helpless individuals who are effortlessly persuaded that their immigration status is undermined.

Acting Detective Sergeant Katherine Lehpamer stated that

“We trust that there are various victims out there who have not revealed the issue for some reason, they might be here on visas or they don’t know that authorities would never tell them to store cash into an ATM.”

Authorities have more than once asked people to be particularly careful while getting telephone calls from institutions and to double-check with the relevant organizations the value of the claims. Sergeant Lehpamer notes on the issue:

Anybody getting a call along these should make enquiries with the relevant authority before paying any cash or giving any bank account or personal details over the phone.

What is shocking, though, is that Australia doesn’t even accept tax payments made in cryptocurrencies. While there are sure ventures which allow residents to pay their bills with handling the bills, they basically act as delegates handling the bills for the benefit of the user accepting the same amount in cryptocurrencies.


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