Treasury Issues Urgent Bitcoin ATM Scam Alert After $247M in Victim Losses

Bitcoin ATM fraud has cost victims $247 million since 2020, FinCEN has warned, citing scams that hit older adults hardest. With losses rising ten-fold, jurisdictions from California to New Zealand have imposed caps, bans and stricter oversight while federal legislation seeks user safeguards.

The post Treasury Issues Urgent Bitcoin ATM Scam Alert After $247M in Victim Losses appeared first on Cryptonews.