Consumer losses in bitcoin ATM scams skyrocketed nearly tenfold to $114 million annually between 2020 to 2023, according to ...

the cyber criminals tell the consumer to deposit the funds in a Bitcoin ATM. Following that deposit, the cyber criminals ask the consumer to scan and send a QR code, which gives the criminal ...

They pressure victims into withdrawing large sums of cash and depositing it into a Bitcoin ATM. The victims are then instructed to scan a QR code, which gives the scammers access to the funds ...