Safety and scamsBeginner
Crypto ATM scams
A caller posing as your bank, the police or the tax office tells you to put cash into a crypto ATM and scan their QR code.
- What it means
- The QR code holds their wallet address, so the coins go straight to them, and a sent transaction cannot be reversed.
- What to watch
- An urgent call about your money, a request to withdraw cash, and any instruction to pay through a crypto ATM; real institutions do not ask for payment that way.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
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