When a cardholder reports a stolen card, the bank initiates a chargeback. The crypto exchange often loses the money and the Bitcoin, which frequently leads them to ban the fraudulent account permanently.
Services like Apple Pay or Google Pay use digital tokens instead of actual card numbers, making it harder for scammers to use intercepted data. use stolen credit card to buy bitcoins
Transactions often require a one-time password (OTP) sent to the owner's phone. When a cardholder reports a stolen card, the