Bitcoin ATM machine, dispensing the cryptocurrency Bitcoin, in the Mission District neighborhood of San Francisco, California, January 14, 2018. (Photo by Smith Collection/Gado/Getty Images)
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A report from the Federal Trade Commission (FTC) indicates a 1,000 % increase in money lost to scammers through cryptocurrency ATMs between 2020 and 2023. Additionally, consumers reported losses of $388 million in 2025 a 58% increase in losses over 2024. Cryptocurrency ATM scams…
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Source www.forbes.com
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