The Cool Down on MSN
FBI says US crypto scams topped $11 billion as more victims were sent to bitcoin ATMs
A machine inside a familiar store can seem routine and harmless, which may make a victim less suspicious.
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 ...
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 ...
You can buy Bitcoin and other cryptocurrencies with cash or credit from one of the thousands of Bitcoin ATMs around the world. Many Bitcoin ATMs also enable you to ...
The Virtual Currency Kiosk Consumer Protection Act requires warning signs on all bitcoin ATM machines and kiosks.
Bitcoin Depot, once the largest network of crypto ATMs in North America, is calling it quits following mounting legal scrutiny and a state-by-state crackdown on Bitcoin teller machines (BTMs) over ...
Bitcoin Depot is moving to require ID for all transactions as regulators have cracked down on crypto ATM operators over scams and money laundering concerns. The biggest Bitcoin ATM operator in the US ...
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