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FTC Warns Of Skyrocketing Bitcoin ATM Scams Following Massive $110M Loss

FTC Warns Of Skyrocketing Bitcoin ATM Scams Following Massive $110M Loss
The United States Federal Trade Commission (FTC) is warning consumers of a “massive” surge in Bitcoin ATM scams (add it to the list of cryptocurrency scams). According to the FTC, consumers posted collective losses totaling $110 million in 2023, which is a tenfold increase versus 2020. And in the first half of this year, losses topped $65

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Author: Paul Lilly