Bitcoin ATM Crackdown: Over 600 Offline in 2 Months
Law enforcement authorities are shutting down Bitcoin ATMs linked to extortion and scams, with over 600 machines going offline globally in the first two months of Q3 2024.
bitcoin atm
Authorities Clamp Down on Shady Bitcoin ATMs
Over 600 Bitcoin ATMs went offline globally in 2 months as law enforcement crackdown on extortion and scams at crypto ATM locations.
FTC Warns of Surging Bitcoin ATM Scams Targeting Older Adults
Crypto scams involving Bitcoin ATMs have exploded by 1,000% since 2020, with the FTC reporting over $110M in losses in 2023 - a growing threat, especially for senior citizens.