Pennsylvania Attorney General Alerts Public to Bitcoin ATM Scams

Attorney General Dave Sunday of Pennsylvania has issued a warning about scams involving Bitcoin ATMs (BTMs). Scammers are exploiting personal information to target consumers.

Understanding Bitcoin ATM Scams

• Scams often begin with phone calls, texts, or social media messages.
• Scammers create urgency to compel victims to act quickly.
• Victims are coerced into large cash withdrawals and directed to deposit funds into a Bitcoin ATM.
• After depositing, victims are asked to scan and send a QR code, giving scammers access to their funds.

Tips to Avoid Scams

• Avoid clicking links or responding to unexpected communications.
• Contact companies directly through official websites for verification.
• Exercise patience during transactions; legitimate agencies do not rush individuals.
• Do not make payments in Bitcoin, gift cards, or via money transfers as requested by unsolicited contacts.
• Be cautious of phishing attempts online.

Efforts to Combat Crypto Scams

• Law enforcement agencies are enhancing measures against crypto-related scams.
• The SEC has launched the Cyber and Emerging Technologies Unit (CETU) to protect investors.
• The FBI's Operation Level Up recovered approximately $285 million from scams between January 2024 and January 2025.