Bitcoin ATM Scams Soar, Costing U.S. Citizens Over $110 Million in 2023—Seniors Are the Prime Targets
A concerning rise in cryptocurrency scams has been observed, particularly those involving Bitcoin ATMs, with older adults increasingly being targeted. According to the Federal Trade Commission (FTC), losses from these scams reached over $110 million in 2023, a figure that has increased nearly tenfold compared to the $12 million reported in 2020. The increasing accessibility ...
