Consumers Lost $114 Million to Bitcoin ATM Scams in 2023, FTC Says
That’s made them the payment method of choice for online scammers and other kinds of cybercriminals. Bitcoin ATMs take things a step further by giving the average person easy access to crypto. The terminals found in gas stations, stores and other busy locations. That’s where the Bitcoin ATMs come in. Sometimes they’ll even refer to the ATMs as “safety lockers,” the FTC says. They’ll text the victim a QR code to scan at the machine....