Crypto ATM Scams Skyrocket by 1,000% Since 2020: FTC Warns Consumers
The FTC reports a 10-fold surge in Bitcoin ATM scams, with older adults being the primary targets, highlighting the need for caution and preventive measures against crypto fraud.
FTC
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.