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Police Operation in Australia Targets on Monitoring the abuse of ATMs of cryptocurrencies has led to contact with over 90 people throughout the country.
Austrac stated in Public announcement on June 25 that one of the affected was a A 77-year-old widow who lost 433,000 au (about $ 282,000) over a 18-month period.
The woman spoke online with someone she believed was a Belgian man, according to a. She discovered that the relationship was a fraud when police visited her home.
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According to Australian, the man had convinced he was investing in Bitcoin
Btc
107.792,05
Showing his false proof that he earned thousands of dollars in just a week.
The man gave her instructions on how to pull cash from a regular ATM and lay it through a Bitcoin ATM. Over time, the woman was introduced to the procedure and made repeated transfers.
At one point she wore 20,000 au in cash to pay the deposit. She said:
The worst part was to tell my daughter that I actually gave my life savings, which took me 40 years to make money, and it took him 18 months to get.
Investigators focused on people who often used the cryptocurrency ATM, as this group was seen as more likely to be involved in frauds or other suspicious activities.
Officers contacted 21 individuals who were or victims or possibly associated with illegal use of these machines. While the authorities expected to find mostly criminal behavior, they instead found that many people were deceived.
However, one person was charged with washing property and four received official warnings for cryptocurrencies for cryptocurrencies or acting as a courier.
Austrac recently introduced new rules for cryptocurrency operators in response to an increase in fraud activity. What do these rules cover? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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