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Bitcoin ATM scammers stole $65 million in first half of 2024
The median reported loss is around $10,000.
We’ve seen bad actors trick people into sending wire transfers, buying gift cards, and even handing over a pile of cash in a shoebox. The FBI warned about this scheme in 2021, and since then, Vermont and Minnesota have enacted laws putting daily transaction limits on crypto kiosks. As is the case with other scams, it’s always important to verify that the email or phone call you receive from a purported company or financial institution is legitimate and to never withdraw money based on instructions from a random interaction.
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