US lawmakers urge top crypto ATM operators to tackle fraud
Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans. Go to Source
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Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns
Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the … Read more
CFTC partners up to warn on crypto pig butchering scams
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam. Go to Source
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 … Read more
Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime. Go to Source
New NCR Atleos/LibertyX feature converts BTC to cash at US ATMs
Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states. Go to Source
German BaFin regulator cracks down on crypto ATMs
According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States. Go to Source
Cop intercepts $40K Bitcoin ATM scam by Chase Bank impersonator
The officer intervened during the Bitcoin ATM deposit, preventing the victim from depositing more funds into the machine. Go to Source
Bitcoin Depot Q2 revenue jumps 18% y/y as it plans ATM adds after NASDAQ listing
Bitcoin Depot records $197.5 million in revenue in the second quarter for 2023 spurred on by partnerships with various American retail stores. Go to Source
Bitcoin ATM maker to refund customers impacted by zero-day hack
General Bytes has implemented several measures in the wake of the hack, including offering to reimburse its cloud-hosted customers and adding new security measures. Go to Source Powered by WPeMatico
