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.

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, ...

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 ...

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

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 ...

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.