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FBI: Bitcoin ATM scams hit a record $333M

Bitcoin ATMs were supposed to make digital money as easy as grabbing cash from a corner machine. Instead, they have become one of the fastest growing tools for fraud, with the FBI now tying them to a ...
Bitcoin, the digital currency and virtual payment system, has grown increasingly popular in recent years. The top cryptocurrency token holders have made billions of dollars off the digital asset.
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 ...
Based on FBI data, the threat of scam-related losses involving cryptocurrency ATMs and kiosks has been growing with 10,956 complaints filed and $246.7 million in stolen money reported in 2024. Critics ...
A woman was told by the con artists that someone was sending her money to Poker.com. She doesn't gamble. One con artist pretended to be from Apple; another impersonated someone from her credit union.
Crypto ATM scams are accelerating into a national crisis as 2026 begins, with police and federal investigators (FBI) warning that elderly Americans are being coerced into handing over life savings at ...
Brian Schwalb, Attorney General for the District of Columbia, recently filed a lawsuit against Athena Bitcoin Inc, a company that operates more than 4,000 Bitcoin ATMs across the country. The lawsuit ...