This Fake Bitcoin ATM Scheme Has Wasted 4,000 Hours of Scammers' Time
Content creator Kitboga has trapped scammers for nearly 4,000 hours by creating a fake Bitcoin ATM scheme. This initiative wasted scammers' time while providing opportunities for gathering intel on their tactics. Scammers typically instructed victims to send money via Bitcoin ATMs, prompting Kitboga to design a phony receipt leading to an infinite maze with tedious tasks and automated responses. Scammers often spent an average of three hours on the line, with some enduring much longer. The process includes frustrating CAPTCHAs and lengthy hold times for assistance that never arrives, ensuring scammers cannot pursue other victims during the wait. Kitboga's strategy aims to protect potential victims by drawing scammers away from their targets. While the fake Bitcoin ATM is his second-most effective time-wasting tool, it is paramount for collecting actionable information, sometimes even leading to the freezing of scammer accounts through cooperation with exchanges like Kraken. Kitboga's efforts stem from a desire to aid those vulnerable to scams, particularly seniors, and have garnered him a significant following online, transforming his hobby into a full-time endeavor.
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