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The Coin Rise 2025-06-22 16:19:05

Texas Sheriff Cracks Open Bitcoin ATM After Unusual Scam Record

Texas Sheriff Cracks Open Bitcoin ATM After Unusual Scam Record

In a bold and unusual move, the Sheriff of Jasper County, Texas, used a circular saw to cut open a Bitcoin (BTC) ATM to investigate a crypto fraud case. The incident highlights a growing trend of scammers using cryptocurrency to steal from vulnerable Americans, especially senior citizens. A Bitcoin ATM Scam That Cost a Local Resident $25,000 Jasper County is a quiet area northeast of Houston, but it recently became the scene of a high-stakes crypto investigation. According to a Facebook post from the Sheriff’s Office, a resident lost $25,000 in a scam. The victims were tricked into depositing the money into a Bitcoin ATM , believing it was a safe transaction. It turned out to be part of a wider fraud scheme. After getting the necessary legal approval, investigators took action. The authorities broke into the Bitcoin Depot ATM with a circular saw and recovered $31,900 in cash from the machine. Scammers have long used methods like gift cards to avoid protections offered by banks. Now, they are using Bitcoin ATMs because these machines let people quickly turn cash into cryptocurrency. Criminals see this as an easy way to steal money without showing ID or being asked questions. The rise of crypto ATMs has made fraud easier to spread. In 2024 alone, the FBI reported that senior Americans lost $107 million through scams involving crypto ATMs. Because of the growing number of scams linked to them, many governments around the world have shut down crypto ATMs and made stricter rules . Bitcoin Depot Responds Bitcoin Depot, the company behind the ATM, says it is not responsible for the fraud. The company acts only as a money service business that changes cash into cryptocurrency. In a statement, the firm explained that it follows strict rules to stop money laundering and fraud. Bitcoin Depot added that it supports law enforcement and often helps in cases like this. However, Bitcoin Depot clarified that the stolen money is rarely in the machine. Instead, it is usually transferred to another crypto wallet or exchanged. Authorities Say Getting the Money Back Will Not Be Easy Even though the police have recovered the cash from the ATM, the victim will not return it immediately. The court must confirm that the money was stolen before it can be returned. That process can take time and does not always end in the victim’s favor. There is still a small chance the scammer made a mistake, such as using a crypto exchange that works with the authorities. If that happens, investigators can track and recover the stolen crypto. This happened in the famous Colonial Pipeline ransomware case, where the U.S. Justice Department recovered $2.3 million in Bitcoin. The post Texas Sheriff Cracks Open Bitcoin ATM After Unusual Scam Record appeared first on TheCoinrise.com .

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