According to BlockBeats, on September 3, the U.S. Federal Trade Commission (FTC) released data showing that the financial losses suffered by consumers in Bitcoin ATM fraud have increased dramatically. Since 2020, the amount of losses has increased nearly tenfold.
The latest data released by the FTC highlights that Bitcoin ATM scams caused more than $65 million in fraud losses in the first six months of 2024 alone. What is particularly striking is that seniors over the age of 60 are more than three times more likely to be harmed by these scams than younger adults. Looking at the full year, the average loss reported by consumers in the first half of this year was as high as $10,000.
