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Bitcoin ATM Scams On The Rise, Leaving Victims Defrauded of Thousands of Dollars

Bitcoin (BTC) ATM scams are becoming increasingly prevalent, resulting in unsuspecting users losing substantial sums of money. In a recent such incident, Jim Meduri of San Jose received a phone call from an individual posing as his son, who claimed that he had been involved in a car accident, as reported by The Los Angeles Times. The scammers impersonated a defense attorney and a courthouse clerk, fabricating a story of a potential transfer of Meduri's son to Nevada due to a supposed mumps outbreak in the local jail. These machines, found in convenience stores, gas stations, and even bakeries, allow individuals to quickly purchase cryptocurrency using cash.

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