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Bitcoin ATM Scam Victim In Connecticut Gets Back $23K As Police Warn Of Increasing Crypto Frauds

The Connecticut State Police Task Force managed to recoup $23,000 for an individual in Milford who had been deceived into making a series of transfers to Bitcoin (CRYPTO: BTC) ATMs. 

What Happened: According to a report by NBC, the Connecticut State Police Statewide Organized Crime Investigative Task Force successfully traced and recovered a portion of the money lost by a Milford resident in a horrifying cryptocurrency scam. The task force traced funds from the United States and the Cayman Islands.

See More: Best Crypto Day Trading Strategies

The money recovered is half of the $41,000 that the Milford resident was defrauded of. 

Trooper First Class Pedro Muniz of the State Police had a warning for anyone seeking to protect themselves from fraudsters in the digital space. “It’s becoming more common with cryptocurrency being on the rise and being this new trend,” Muniz said.

Price Action: At the time of writing, ETH was trading at $12,544, up 2.7%, in the past 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Rise On Fed's Mostly Bullish Tone: Analyst Sees More Consolidation For Apex Crypto

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