FTC urges caution as Bitcoin ATM fraud cases skyrocket

The Federal Trade Commission (FTC) has reported a sharp increase in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and surpassing $65 million in the first half of 2024. These scams often involve identity theft and target vulnerable populations, such as older adults, with significant financial impact. The FTC warns of (…)