Ebay Car Scam
Watch out! There is a long running scam that is now being applied to bitcoin!
The Ebay (or Craigslist) Car Scam began using MoneyGram and Western Union and is over ten years old. Scammers have now started using the scheme with bitcoin. Some are even directing victims to use Bitcoin ATM's as one of the transmission mechanisms.
How can you be on the look-out and stay safe?
Are you being asked to make a large purchase ($2,000+) with Bitcoin? If yes, then ask yourself "Would I feel send a package of cash to the counter-party through the mail to their P.O. Box without having the product in your possession first?"
The answer is "NO"! DO NOT send them Bitcoin!
As amazing as bitcoin is for moving and storing value, we still need to be careful about who we deal from. Bad guys are everywhere and in cyberspace too! Watch out for an offer that is "too good to be true" and demands purchase in bitcoin or Western Union. We've seen this sophisticated scam instruct the victim to an Coin Cloud Bitcoin ATM near their location, it even states the address of our locations!
If you get a purchase request that sends you to a Bitcoin ATM near you whether it be a Coin Cloud Bitcoin ATM or any other Bitcoin ATM company, drop what you're doing and contact customer service or law enforcement ASAP!
We are available via email at firstname.lastname@example.org or at 702-983-4206 for live and SMS text support.
Keep your bitcoin safe!