Bitcoin
Raleigh woman warns others after Bitcoin ATM scam
RALEIGH, North Carolina — A Raleigh woman says she was caught up in a complicated and detailed scam that used fear and trust to target her.
Looking back, Pauline Miller said she can’t believe what she did.
Miller said she enjoys cooking and was on a recipe website she visited many times.
“I was scrolling down and all of a sudden my computer froze,” she said.
Miller said his screen went black. In big, bold letters, there was a message that his identity had been compromised. Then, the message started blaring loudly over his speakers.
“Over and over again,” Miller said. “So obviously I was frozen in fear and didn’t know what to do.”
Miller called the number listed in the message. She didn’t realize she had reached the scammers.
“The verbal messaging stopped, so there was a point of relief, and it’s also a point where they start to build trust,” she said.
For two hours, this cycle of fear and trust continued. The scammers convinced Miller that her bank account was at risk and that she needed to withdraw $15,000 before it was lost on the dark web.
Miller described what happened when he went to the bank.
“Nobody at the bank questioned [the withdrawal],” she said. “The only comment I got from the bank was, ‘I hope you’re doing something fun with this.’”
The scammers told Miller they would help keep his money safe.
“You’re in the movies right now, carrying $15,000 in $100 bills,” she said. “I’ve never taken out that kind of money, ever.”
Miller said the scammers told her to deposit the money into a Bitcoin ATM and that they would help her set up a digital wallet.
“I start putting money into it, and it’s like, there again, you kind of look around, and it’s like, is anyone seeing this?” she said. “Like, it was horrible.”
After Miller deposited the money, there was only one more thing Miller was told she needed to do: submit a photo of her Bitcoin ATM receipt and her driver’s license.
Ultimately, Miller said his instincts kicked in.
“I reported it to the Raleigh police,” Miller said.
Detective Chris Gay of the Raleigh Police Department said there have been 31 similar cases involving Bitcoin since September 2023.
“Scammers are good at what they do,” Gay said.
Gay said the number of Bitcoin ATM scams has made this a priority for the department. He warns people that if they hand over cash, there is a very short window to get it back. Gay explained what to do if that happens.
“Call the police department immediately because they have limited time, and that’s a big factor in us recovering these funds,” Gay said.
Raleigh police took Miller’s money from that machine and returned it to her. Miller said it was unusual, but now she’s using her story to warn others.
“If someone tells you that your identity has been compromised, whether it has or not, 10 minutes doesn’t mean anything,” Miller said. “So hang up the phone, call your friend, call the police, call someone and see if, in fact, it’s true or not.”
Miller said she was grateful for the help from Raleigh police.
[5:46 PM] Strong, Pritchard
“The detective I worked with was incredible,” Miller said. “He came to my house to get all the receipts, went to that Bitcoin machine, put tape on it, and subsequently managed to take my money.
“He was still at that machine, and he managed to unlock it and physically brought back all my money.”
Authorities remind people that if they receive a random email or text message, do not click on the links or call the numbers provided.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
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‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
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came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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