Convenience store ATMs that sell bitcoin are scamming US consumers out of millions, according to the FBI. And now some Massachusetts lawmakers and the American Association of Retired Persons are ...

Bitcoin was supposed to cut out the middleman. Instead, it's become a middleman's dream for scammers. In 2025 alone, Americans lost more than $330 million to bitcoin ATM scams, according to FBI data, ...

The FTC warns that bitcoin ATM fraud is soaring. In the U.S, losses from scams via crypto ATMs exceeded $120 million in 2023. 74% of cryptocurrency ATMs globally are managed by just 10 operators. In ...

Elliptic has noted that Crypto ATMs, often called Bitcoin ATMs because of the cryptocurrency’s dominance, provide a ...

Bitcoin Depot has gone from being North America’s largest Bitcoin ATM operator to filing for bankruptcy and shutting down its entire network of ATMs, citing state regulations and unsustainable ...

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 ...

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.

The sister of one of my golfing buddies received a threatening call telling her a warrant had been issued for her arrest. She panicked and followed the caller’s instructions to deposit $5,500 in a ...

Call it a diabolical new twist on an old scam: ATM fraudsters are turning to bitcoin. Data the Federal Trade Commission provided to NBC News show the amount of money consumers have reported losing to ...

State regulators have begun quietly implementing regulations to ban or overburden Bitcoin ATM operators. State regulators have been quietly banning Bitcoin ATMs. An entire subsection of the Bitcoin ...