Iowa Police Call Funds Moved Through Bitcoin ATMs 'Virtually Untraceable'



Police in Clive, Iowa said that recovering funds moved through a Bitcoin ATM is "virtually untraceable" during a recent investigation into a woman who was scammed out of $6,600. This isn't the first time kiosks have been used by scammers; authorities in Connecticut also identified a laundry list of ATM-related scams such as an "anti-virus" scam and "romance" scams.
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