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Bitcoin ATM scammers are targeting senior citizens, duping them out of thousands of dollars in a fraud scheme that often starts with what seems like a customer service phone call.

Another scam is growing. This time its target people who use Bitcoin ATM machines. Individuals that are over 60 years old have reported falling victim the most.

The Federal Trade Commission found that consumers are losing more money to Bitcoin ATM scams, with bad actors stealing $65 million in the first half of 2024 alone.

Consumer losses in bitcoin ATM scams skyrocketed nearly tenfold to $114 million annually between 2020 to 2023, according to data from the Federal Trade Commission.

The number of crypto ATMs is surging around the globe, according to new data from Coin ATM Radar, despite increased concerns about their misuse by criminals. Bitcoin kiosks are popular targets for ...

Costco is installing bitcoin ATMs at some stores. ATM provider LibertyX operates over 30,000 such machines in the US. Bitcoin ATMs have become increasingly common as crypto has entered the mainstream.

As crypto grows in popularity, so do Bitcoin ATMs. Sightings may point to a link between physical and digital assets, but beware of BTM scams.

Another scam is growing. This time its target people who use Bitcoin ATM machines. Individuals that are over 60 years old have reported falling victim the most.