Pig butchering scams—which involve building an intimate relationship, establishing trust, and manipulating the victim into investing in a fraudulent scheme—have become an increasing problem worldwide.
Companies often fail to refund money to victims and aggressively fight police to claw back scam money seized from machines.
Localcoin, Canada’s largest Bitcoin ATM operator, launches Fraud Information Hub to educate users, train store hosts, and prevent losses at the machine level.