The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. Fraud at Bitcoin ATMs in the first half of 2024: consumers have lost more than $66 million to these scams. Scammers use tactics like fake phone calls, messages, and security alerts to convince people that they’re in danger and that they should deposit cash into a Bitcoin ATM to protect it.
The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. Fraud at Bitcoin ATMs in the first half of 2024: consumers have lost more than $66 million to these scams. Scammers use tactics like fake phone calls, messages, and security alerts to convince people that they’re in danger and that they should deposit cash into a Bitcoin ATM to protect it.