U.S law enforcement agency the FBI has posted a warning about a new type of crypto scam that’s gaining popularity. It involves a scammer convincing a victim to put cash into a crypto ATM to send funds via a QR code.The crypto ATM/QR scamCrypto scams cover a variety of methods, but perhaps most well-known are rug pulls, as exemplified by the recent fraud involving the Squid Game … [Read more...] about US agency FBI gives tips on dealing with the rise in crypto ATM fraud
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Worst UK bank for dealing with scams issues crypto scam alert
The U.K bank with the worst record for dealing with scam complaints has issued a cryptocurrency scam alert. NatWest, which was rated as the worst U.K bank for accurately discerning legitimate fraud complaints in 2020, sent the warning to users of its mobile banking app after it reportedly received a record number of scam reports between January and March 2021. The warning made … [Read more...] about Worst UK bank for dealing with scams issues crypto scam alert
Major UK bank NatWest won’t serve businesses dealing in crypto
National Westminster Bank (NatWest), a major retail and commercial bank in the U.K., will stop serving any businesses that accept or otherwise transact cryptocurrencies, news daily The Guardian reported yesterday.“We have no appetite for dealing with customers, whether taking them on as new clients or having an ongoing relationship with people, whose main business is backed by … [Read more...] about Major UK bank NatWest won’t serve businesses dealing in crypto