In 2025, scammers defrauded Americans of over $333 million using Bitcoin ATMs, up sharply from $250 million in 2024. Fraudsters impersonate banks, government agencies, or tech support, pressuring victims (often seniors) to deposit cash into kiosks to “protect” funds or fix fake issues. Once sent, cryptocurrency vanishes irreversibly into scammers’ wallets. With 45,000+ machines nationwide, authorities report a “clear and constant rise” in these irreversible frauds. Protect yourself: Never pay in crypto under pressureâ”verify directly. #ATM #bitcoin #crypto
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