❌️ More than 600 bitcoin ATMs have been taken offline worldwide in 2 months.
Authorities are searching for and shutting down crypto ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August.
Losses from ATM scams exceeded $110 million in 2023.
These scams typically involve fraudsters persuading victims to transfer their funds using Bitcoin ATMs under deceptive or fraudulent promises.
Authorities are searching for and shutting down crypto ATMs that are frequently involved in extortion and scams.
According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August.
Losses from ATM scams exceeded $110 million in 2023.
These scams typically involve fraudsters persuading victims to transfer their funds using Bitcoin ATMs under deceptive or fraudulent promises.
12 days ago
