Police Officer Saves Elderly Woman from Losing $40,000 in Bitcoin Scam

A police officer in White Settlement, Texas, thwarted a scam in progress, saving an elderly woman from losing $40,000 to a Chase Bank impersonator. The scam involved tricking the woman into depositing money into a Bitcoin ATM machine. On June 19, the White Settlement Police Department (WSPD) received a call from a concerned citizen who witnessed an elderly woman depositing large sums of cash into a Bitcoin ATM. The citizen became suspicious after overhearing the woman’s phone conversation and believed she was being scammed. According to the WSPD, the scammer threatened the victim with arrest if she didn’t transfer the

Source: CryptoIntelligence