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International Business Times

Business

Bitcoin ATM Scams Sweep US: Millions Lost as Pensioners Duped by Fraudsters

Bitcoin Ashley Miller Police Athena Brian Schwalb The United States

Regulators say fraudsters are exploiting crypto ATM kiosks to steal thousands of dollars from unsuspecting users.

KEY POINTS

Prosecutors allege Bitcoin ATMs are increasingly exploited by scammers, with one operator accused of charging up to 26% fees.
Authorities warn seniors are being disproportionately targeted by crypto ATM fraudsters.
Regulators say no legitimate bank or government agency will ever demand payment via Bitcoin ATM.

A wave of Bitcoin ATM scams sweeping the United States has left pensioners penniless and authorities scrambling to warn the public.

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Texas Mum Holly Flores Accused of Stabbing Husband in Head as Two Children Found With Chest Wounds

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Colombia's president offers support to veterans extradited to US over Haitian leader's killing

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Texas Mum Holly Flores Accused of Stabbing Husband in Head as Two Children Found With Chest Wounds

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International Business Times UK

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Bar where Jane Doe says she drank before going to Cornell fraternity says it didn’t serve her

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Colombia's president offers support to veterans extradited to US over Haitian leader's killing

Colombia's president offers support to veterans extradited to US over Haitian leader's killing

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