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Complete Story
09/02/2024
Bitcoin ATM fraudsters scam seniors out of $110M: report
New York Post
Bitcoin ATM scammers successfully targeted senior citizens last year, walking away with $110 million in schemes that often start out with a “concerned” customer service phone call.
Victims reported the hefty losses to fraud cases involving money sent through bitcoin ATMs — an electronic crypto kiosk where you can buy and sell bitcoin — a nearly tenfold increase from 2020, according to Federal Trade Commission (FTC) data provided to NBC News.
And Americans over 60 were more than three times as likely to be victimized than younger adults, the data showed.
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