This Fake Bitcoin ATM Scheme Has Wasted 4,000 Hours of Scammers' Time
Kitboga, a streamer, has wasted around 4,000 hours of scammers' time using a fake Bitcoin ATM scheme designed to trap malicious actors in an infinite maze. By creating an unredeemable receipt linked to a non-existent Bitcoin exchange, Kitboga aims to gather intelligence on scammers while entertaining viewers. The process involves tedious tasks such as solving CAPTCHAs and navigating a confusing automated phone system that often results in long hold times. Over a year, the scheme has ensnared approximately 500 scammers for a cumulative total of 164 days. Kitboga emphasizes that this method is not only for entertainment; it is the most effective way for him to extract actionable information to aid law enforcement in tracking and apprehending scams. By wasting scammers' time, he believes he can prevent potential victims, especially vulnerable individuals, from being targeted during that time. Kitboga engages in this activity as a way to combat scams he sees as a threat to people like his grandparents, who could easily fall victim to such frauds.
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