Cop intercepts $40,000 Bitcoin ATM scam by Chase Bank impersonator
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 20 2024- Police Officer Thwarts Bitcoin ATM Scam: A police officer in White Settlement, Texas, stopped a scam where an elderly woman was tricked into depositing $40,000 into a Bitcoin ATM by a Chase Bank impersonator.
- Scam Uncovered by Concerned Citizen: The scam was uncovered when a concerned citizen saw the woman depositing large sums of cash into the Bitcoin ATM and overheard her suspicious phone conversation.
- Common Scam Tactics: The scammer threatened the victim with arrest if she didn't send funds, a tactic commonly used in pig butchering scams. The victim was misled by the caller ID showing "Chase Bank."
- Police Intervention: An officer intervened during the transaction, preventing further loss after the victim had already deposited $23,900. Efforts are being made to recover the funds for the victim.
- Officer's Response and Community Recognition: Sergeant James Stewart empathized with the victim, thinking of his own mother, and expressed the desire to apprehend the scammer. The police department plans to recognize the citizen who reported the incident at a future council meeting.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
