The Federal Trade Commission (FTC) published rel=”nofollow” href=”https://www.ftc.gov/news-events/data-visualizations/data-spotlight/2024/09/bitcoin-atms-payment-portal-scammers”>a report about increasing fraud at Bitcoin ATMs. These ATMs allow people to turn their cash into crypto, but they’ve become a tool for scammers to perpetrate fraud — since 2020, the FTC says fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024, consumers have lost over $66 million to these scams.
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