Upper Providence Police would like to address scams involving “Bitcoin,” specifically the use of Bitcoin ATM machines in the area.  Bitcoin ATM-involved scammers deceive victims into depositing cash into kiosks to purchase cryptocurrency, which is then immediately transferred to the fraudster’s untraceable wallet.  Often impersonating law enforcement or banks, scammers create urgent, fake emergencies (for example, frozen accounts or “arrest warrants”).

Things to consider:

First, and most importantly, no government agency or law enforcement entity will ever demand payment via a Bitcoin ATM.

Once your cash is converted to Bitcoin and sent via a QR code provided by the scammer, the money is gone instantly, and the chances of recovering it are very slim.

These scams frequently target elderly individuals, creating high-pressure situations that stop victims from verifying the claims.  

Victims are often instructed to go to specific locations with Bitcoin ATM’s (for example, convenience stores) and stay on the phone with a scammer while completing the transaction.