Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020 — FTC
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures.

The United States Federal Trade Commission (FTC) has reported a 10-fold rise in scams involving Bitcoin ATMs since 2020, with fraudsters exploiting anonymity and the speed of cryptocurrency transactions. 
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 2023 alone, losses from Bitcoin ATM scams exceeded $110 million. The FTC noted that this figure has nearly tenfold increased since 2020 Target Demographics: Consumers aged 60 and older are three times more likely to fall victim to these scams, indicating a specific targeting of older adults 

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