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, ...

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 ...

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 ...

Bitcoin ATM scammers successfully targeted senior citizens last year, walking away with $110 million in schemes that often start out with a “concerned” customer service phone call. Victims reported ...

As governments seek to ban the machines, bitcoin ATMs remain entwined with cryptocurrency industry's most mainstream players.

Bitcoin ATMs are primarily used for elder financial abuse, and the companies that own the ATMs let it happen, a lawsuit alleges. The lawsuit says Athena Bitcoin — which operates 138 ATMs in Maryland ...

North America's largest Bitcoin ATM operator cited a hostile regulatory environment and an 'unsustainable' business model.

You may think it could never happen to you or someone you love, but bitcoin ATM fraud is on the rise. Thieves often use urgent threats and fake documents to trick people into depositing cash into ...

NORTH CAROLINA (WTVD) -- An ITEAM investigation in collaboration with ABC News is exposing scams involving Bitcoin ATMs - kiosks that are popping up across North Carolina and throughout the country.