Research shows nearly tenfold increase in losses to Bitcoin ATM scams since 2020 Related news

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ISTANBUL New research shows a nearly tenfold increase in losses to Bitcoin ATM scams since 2020, the US Federal Trade Commission (FTC) said Tuesday. "Since 2020, the amount consumers reported losing has increased nearly tenfold to over $110 million in 2023," it said in a report. The FTC said that fraud losses to Bitcoin ATMs have topped $65 million in the first six months of this year. "During this timeframe, consumers over the age of 60 were more than three times as likely as younger adults to

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