The Federal Trade Commission (FTC) revealed a report about growing fraud at Bitcoin ATMs. These ATMs enable folks to show their money into crypto, however they’ve turn out to be a software for scammers to perpetrate fraud — since 2020, the FTC says fraud at Bitcoin ATMs has ballooned practically tenfold, and simply within the first half of 2024, shoppers have misplaced over $66 million to those scams.
Scammers use ways like faux telephone calls, messages, and safety alerts to persuade folks that they’re in peril, and that they need to deposit money right into a Bitcoin ATM to guard it. Then, the scammer might share a QR code to scan on the Bitcoin ATM, which deposits the money into the scammer’s pockets.
