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, ...

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 ...

Cryptocurrency ATM scams are rapidly escalating, with the FTC reporting a 1,000% increase in losses between 2020 and 2023, and $388 million lost in 2025 alone. Scammers exploit these ATMs for their ...

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 ...

Byte Federal CEO Paul Tarantino explains how Bitcoin ATMs support financial inclusion, strengthen compliance, and fit into the future of digital finance amid growing regulatory scrutiny.