Bitcoin was supposed to cut out the middleman. Instead, it’s become a middleman’s dream for scammers. In 2025 alone, Americans lost more than $330 million to bitcoin ATM scams, according to FBI data, ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. A report from the Federal Trade Commission (FTC) indicates a 1,000 % increase in ...

Bitcoin ATMs are becoming increasingly common, popping up in gas stations, convenience stores, smoke shops and grocery stores. Five years ago, there were roughly 1,000 cryptocurrency ATMs in Texas.

A different kind of ATM is setting up shop in your local convenience store. These machines look like traditional banking kiosks, but they allow customers to buy bitcoin in cash. Bitcoin ATMs, or BTMs, ...

Bitcoin, the digital currency and virtual payment system, has grown increasingly popular in recent years. The top cryptocurrency token holders have made billions of dollars off the digital asset.

In the first six months of 2024, Americans lost $65 million to Bitcoin ATM scams. The machines offer an easy way for people to get into cryptocurrency, and they're increasingly showing up in grocery ...

The Canadian government has proposed banning Bitcoin and other crypto ATMs, arguing the machines have become a primary on-ramp for fraudsters and money launderers rather than a convenient access point ...

Based on FBI data, the threat of scam-related losses involving cryptocurrency ATMs and kiosks has been growing with 10,956 complaints filed and $246.7 million in stolen money reported in 2024. Critics ...

Brian Schwalb, Attorney General for the District of Columbia, recently filed a lawsuit against Athena Bitcoin Inc, a company that operates more than 4,000 Bitcoin ATMs across the country. The lawsuit ...

The U.S. Marshals Service issued a warning Tuesday about imposter scams targeting individuals with claims that those targeted are subject to arrest if they don't pay a fine by withdrawing cash from ...