FTC Issues Warning About Bitcoin ATM Scams. Here’s How to Protect Yourself
Bitcoin
By Anna Gordon September 4, 2024 8:02 AM EDT A new report from the Federal Trade Commission (FTC) shows that money lost to fraudulent bitcoin ATM scammers increased nearly tenfold between 2020 and 2023. Per the spotlight report published on Sept. 3, fraud losses have amounted to approximately $66 million in the first half of 2024. By comparison, scammers stole a total of $12 million throughout the entire year of 2020. The median amount of money lost by scam victims was approximately $10,000 in
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