Fraud losses to Bitcoin ATMs have topped $65 million in just the first six
months of 2024, increasing nearly 10-fold from 2020 to 2023, according to the US
Federal Trade Commission.
months of 2024, increasing nearly 10-fold from 2020 to 2023, according to the US
Federal Trade Commission.
The FTC’s data spotlight shows a massive increase in the amount of money
consumers report losing to scammers involving Bitcoin ATM (BTM) machines. The
agency’s new consumer protection report reveals that the amount cons umers
reported losing surpassed $110 million in 2023.
Your typical impersonation scam
“Bitcoin
