This Fake Bitcoin ATM Scheme Has Wasted 4,000 Hours of Scammers' Time
Content creator Kitboga has managed to waste nearly 4,000 hours of scammers' time through a unique scheme involving a fake Bitcoin ATM. As scammers often direct victims to send money via Bitcoin ATMs, Kitboga developed a fake receipt that leads scammers into an infinite loop of tasks and frustrations. The scheme involves scammers navigating through tedious CAPTCHAs and automated calls, often being left on hold for hours. Over the course of more than a year, this strategy has ensnared roughly 500 scammers for about 164 days. Kitboga's operation serves not only to entertain but also to gather valuable intelligence on scammers. By keeping them engaged, he can extract their Bitcoin wallet details and cooperate with law enforcement to freeze funds. This significant achievement highlights the creative means Kitboga employs to combat online fraudsters and raise awareness about scams.
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