Bitcoin ATMs were supposed to make digital money as easy as grabbing cash from a corner machine. Instead, they have become ...

Crypto ATM operator Bitcoin Depot has reached a settlement with the state of Maine, agreeing to a multi-million dollar fine over allegations that its kiosks led to widespread fraud targeting ...

Two cybercrime victims won't be able to recover their money, seized from a third-party cryptocurrency company, the Iowa Supreme Court has ruled. The decisions, issued Friday, May 1, involve two Iowans ...

A FAVORITE TOOL FOR SCAMMERS. SCAMMERS MORE AND MORE OFTEN ARE USING ATMS TO STEAL YOUR MONEY. MANY OF THESE SCAMS START WITH A CALL OR A MESSAGE ABOUT SOMETHING SUPPOSEDLY WRONG. THE SCAMMER MIGHT ...

Bitcoin ATMs have seen a rapid rise in popularity in the US, with over 30,000 machines in operation in 2024, making up ...

A new report from the Federal Trade Commission (FTC) shows that money lost to fraudulent bitcoin ATM scammers increased nearly tenfold between 2020 and 2023. Per the spotlight report published on Sept ...

There has been a "massive" surge in the amount of money consumers have lost to scams involving Bitcoin ATM machines, according to the Federal Trade Commission (FTC). The amount of money lost has ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. A report from the Federal Trade Commission (FTC) indicates a 1,000 % increase in ...

Update (Sept. 9, 2:45 pm UTC): This article has been updated to clarify that the Bitcoin ATM network lost a net total of 600 ATMs, rather than that 600 machines in total were lost. The total number of ...