Title: FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
Post by: Bitcoin on Sep 06, 2024, 06:11 am
Post by: Bitcoin on Sep 06, 2024, 06:11 am
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […]
Source: FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket (https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/)
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […]Source: FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket (https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/)