Summary:
Glasgow Police warns residents of rising Bitcoin ATM scams.
Never engage with scammers; report them immediately.
Limit software to avoid security vulnerabilities.
Keep private keys secure and offline.
Avoid high-pressure offers and unsolicited communications.
Warning from Glasgow Police
The Glasgow Police Department has issued a warning to residents regarding a recent surge in Bitcoin ATM scams within the community. In a post shared on Facebook, they provided crucial tips to help individuals protect themselves from falling victim to these fraudulent schemes.
Tips to Avoid Bitcoin ATM Scams
- Do Not Engage with Scammers: If you encounter anyone trying to extort money from you, report them to the police immediately.
- Limit Software Installation: Only install necessary software from major app stores. More software can lead to increased security vulnerabilities.
- Protect Your Private Keys: Never enter your private keys or seed phrases into any digital format. Keep them secure on paper or a steel plate, and only use a dedicated hardware wallet.
- Understand Before You Invest: Always ensure you comprehend what you are investing in before committing funds.
- Be Wary of High-Pressure Tactics: Avoid offers that pressure you to act quickly; take your time to think things through.
- Ignore Unsolicited Communications: Do not respond to unexpected messages from supposed government agencies or banks. Instead, verify their authenticity through official channels.
- Avoid Get-Rich-Quick Schemes: Steer clear of any offers that guarantee significant financial returns.
- Beware of Online Dating Scams: Never send money or crypto to someone you have not met in person.
- Reject 'Free' Offers: Offers that seem too good to be true are often traps for stealing your assets.
- Verify Job Listings: Be cautious of agents offering enticing job opportunities that require you to apply.
- Never Send Funds for Verification: Do not transfer money to external wallets for account verification or fixes.
- Use Strong Passwords: Always utilize long and complex passwords along with app-based two-factor authentication.
- Double-Check Information: Always verify URLs, email addresses, and social media profiles before interacting with them. Google the company to find the correct contact information.
If you receive requests to purchase Bitcoin or gift cards, it is advisable to consult the Glasgow Police Department before making any transactions to avoid potential scams.
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